CubeSmart which can be found using ticker (CUBE) now have 9 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between 64 and 47 and has a mean target at $52.00. Given that the stocks previous close was at $44.92 this would indicate that there is a potential upside of 15.8%. The day 50 moving average is $45.91 and the 200 moving average now moves to $43.84. The market capitalization for the company is 10.20B. The stock price is currently at: 45.1 USD
The potential market cap would be $11,804,103,648 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 29.1, revenue per share of 4.58 and a 3.96% return on assets.
CubeSmart is a self-administered and self-managed real estate company. It is engaged in the ownership, operation, management, acquisition, and development of self-storage properties in the United States. It owns 611 self-storage properties located in 24 states and in the District of Columbia containing an aggregate of approximately 44.1 million rentable square feet. It owns stores in the District of Columbia and its 24 states include Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, and Virginia. It also manages 668 stores for third parties, including 77 stores containing an aggregate of approximately 5.6 million net rentable square feet as part of six separate unconsolidated real estate ventures. Its self-storage properties offer storage space for its residential and commercial customers.
