CubeSmart (CUBE) Reached 1-Year High on May, 3

May 3, 2018 - By Carey Conley

CubeSmart (NYSE:CUBE) Corporate Logo

Big Money Sentiment increased to 1.17 in 2017 Q4. It has change of 0.02, from 2017Q3’s 1.15. The ratio is positive due to CubeSmart positioning: 20 sold and 82 reduced. 38 funds bought positions and 81 increased positions. Investors holded 192.70 million in 2017Q3 but now own 188.99 million shares or 1.92% less.
Moreover, Cornercap Counsel has 0.28% invested in CubeSmart (NYSE:CUBE). National Bank & Trust Of Ny Mellon invested in 0.07% or 9.80 million shs. 375,787 were accumulated by California Pub Employees Retirement System. State Of New Jersey Common Pension Fund D reported 822,000 shs. Cap Advisers Ltd Limited Liability Company owns 14,740 shs or 0% of their US capital. Earnest Ptnrs Limited Liability Corporation holds 0% or 65 shs. Principal Grp Inc Incorporated stated it has 0.19% of its capital in CubeSmart (NYSE:CUBE). Daiwa Securities Gp stated it has 1.41% in CubeSmart (NYSE:CUBE). Amundi Pioneer Asset Mngmt Incorporated holds 278,565 shs or 0.01% of its capital. Fmr Ltd Com has invested 0% in CubeSmart (NYSE:CUBE). Macquarie Grp Inc reported 669,880 shs. Hightower Advsr Lc holds 66,192 shs or 0.02% of its capital. Barclays Public Limited Co holds 0% or 209,862 shs. Commonwealth Fincl Bank Of Australia invested 0% of its capital in CubeSmart (NYSE:CUBE). Clearbridge Invests Ltd Liability holds 0% or 23,990 shs.

CubeSmart registered $7.67 million net activity with 0 buys and 4 selling transactions since December 12, 2017. $1.70 million worth of stock was sold by MARTIN TIMOTHY M on Friday, December 15. On Wednesday, December 13 Perry Jonathan L sold $595,392 worth of CubeSmart (NYSE:CUBE).

Today 52 week high was touched by CubeSmart (NYSE:CUBE) with $30.69 target or 3.00 % above today’s $29.80 stock price. Barchart.com announced the 52 week high on May, 3. It has $5.50B MC. At $30.69 stock target, the company valuation changes by $165.03M more.

CUBE touched $29.8 during the last trading session after $0.33 change.CubeSmart has volume of 550,397 shares. Since May 3, 2017 CUBE has risen 6.88% and is uptrending. The stock underperformed the S&P500 by 4.67%.

CubeSmart (NYSE:CUBE) Ratings Coverage

A total of 6 analysts rate Cubesmart (NYSE:CUBE) as follows: 4 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 67% are bullish. The firm has $33.0 highest and $28.0 lowest target. The avg target $30.17 is 1.24% above the last ($29.8) price. (NYSE:CUBE) has 11 ratings reports on May 3, 2018 according to StockzIntelligence. On Thursday, February 15 the stock of CubeSmart (NYSE:CUBE) earned “Buy” rating by Cantor Fitzgerald. The company rating was upgraded by BMO Capital Markets on Friday, March 2. On Monday, November 27 the firm has “Buy” rating given by Jefferies. On Wednesday, November 22 the stock of CubeSmart (NYSE:CUBE) has “Hold” rating given by SunTrust. In Monday, March 5 report Jefferies maintained it with “Buy” rating and $32.0 target. In Thursday, February 15 report FBR Capital maintained it with “Buy” rating and $32.0 target. On Monday, January 22 the firm has “Hold” rating by SunTrust given. On Tuesday, January 2 the stock of CubeSmart (NYSE:CUBE) has “Buy” rating given by FBR Capital. In Tuesday, November 28 report Robert W. Baird downgraded the stock to “Neutral” rating. On Thursday, March 8 the rating was maintained by Robert W. Baird with “Hold”.

CubeSmart is a self-administered and self-managed real estate investment trust.The company has $5.50 billion market cap. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.The P/E ratio is 40.27.

CubeSmart (NYSE:CUBE) Institutional Investors Chart

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