6 analysts have expressed a variety of opinions on CubeSmart CUBE over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 1 | 3 | 0 | 1 |
| Last 30D | 0 | 0 | 0 | 0 | 1 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $45.5, a high estimate of $53.00, and a low estimate of $40.00. This upward trend is evident, with the current average reflecting a 10.44% increase from the previous average price target of $41.20.
Understanding Analyst Ratings: A Comprehensive 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 |
|---|---|---|---|---|---|
| Omotayo Okusanya | Deutsche Bank | Announces | Sell | $40.00 | - |
| Jonathan Petersen | Jefferies | Raises | Buy | $53.00 | $38.00 |
| 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 |
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: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of CubeSmart compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of CubeSmart's stock. This examination reveals shifts in analysts' expectations over time.
Capture valuable insights into CubeSmart's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with 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.
Financial Milestones: CubeSmart's Journey
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining CubeSmart's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.47% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: CubeSmart's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 38.32%, the company showcases 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 stands out, surpassing industry averages. With an impressive ROA of 1.64%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: CubeSmart's debt-to-equity ratio is below the industry average. With a ratio of 1.06, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: Simplified
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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