Ratings for CubeSmart CUBE were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
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 | 4 | 0 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 1 |
| 3M Ago | 1 | 1 | 3 | 0 | 0 |
Analysts have set 12-month price targets for CubeSmart, revealing an average target of $45.43, a high estimate of $53.00, and a low estimate of $40.00. This current average has increased by 9.47% from the previous average price target of $41.50.
Investigating Analyst Ratings: An Elaborate Study
The perception of CubeSmart by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Steve Sakwa | Evercore ISI Group | Raises | In-Line | $45.00 | $43.00 |
| 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 respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CubeSmart. This information offers 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: Delving into movements, analysts provide estimates for the future value of CubeSmart's stock. This analysis reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into CubeSmart's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on CubeSmart analyst ratings.
Get to Know CubeSmart Better
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. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
A Deep Dive into CubeSmart's Financials
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: CubeSmart's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 2.47%. This indicates 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 38.32%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): CubeSmart's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.66%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): CubeSmart's ROA excels beyond industry benchmarks, reaching 1.64%. This signifies efficient management of assets and strong financial health.
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.
Analyst Ratings: What Are They?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
