CubeSmart CUBE has been analyzed by 7 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts have recently evaluated CubeSmart and provided 12-month price targets. The average target is $42.86, accompanied by a high estimate of $49.00 and a low estimate of $37.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 4.39%.
Analyzing Analyst Ratings: A Detailed Breakdown
In examining recent analyst actions, we gain insights into how financial experts perceive CubeSmart. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ki Bin Kim | Truist Securities | Raises | Hold | $46.00 | $43.00 |
| Juan Sanabria | BMO Capital | Raises | Outperform | $49.00 | $46.00 |
| Eric Luebchow | Wells Fargo | Raises | Equal-Weight | $42.00 | $37.00 |
| Steve Sakwa | Evercore ISI Group | Raises | In-Line | $43.00 | $42.00 |
| Jeffrey Spector | B of A Securities | Lowers | Neutral | $38.00 | $51.00 |
| Jonathan Hughes | Raymond James | Lowers | Outperform | $45.00 | $50.00 |
| Eric Luebchow | Wells Fargo | Announces | Equal-Weight | $37.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to CubeSmart. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of CubeSmart compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for CubeSmart's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of CubeSmart's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on CubeSmart analyst ratings.
Unveiling the Story Behind CubeSmart
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. CubeSmart derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
Key Indicators: CubeSmart's Financial Health
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: CubeSmart's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 2.47%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Net Margin: CubeSmart's net margin is impressive, surpassing industry averages. With a net margin of 38.32%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): CubeSmart's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.66%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): CubeSmart's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.64% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 1.06, CubeSmart adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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