Fintel reports that on January 10, 2025, Deutsche Bank upgraded their outlook for CubeSmart (NYSE:CUBE) from Sell to Hold.
Analyst Price Forecast Suggests 30.05% Upside
As of December 23, 2024, the average one-year price target for CubeSmart is $52.33/share. The forecasts range from a low of $46.46 to a high of $59.85. The average price target represents an increase of 30.05% from its latest reported closing price of $40.24 / share.
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The projected annual revenue for CubeSmart is 1,177MM, an increase of 10.32%. The projected annual non-GAAP EPS is 1.37.
What is the Fund Sentiment?
There are 983 funds or institutions reporting positions in CubeSmart. This is an increase of 28 owner(s) or 2.93% in the last quarter. Average portfolio weight of all funds dedicated to CUBE is 0.38%, an increase of 5.15%. Total shares owned by institutions increased in the last three months by 1.10% to 258,116K shares. 
The put/call ratio of CUBE is 0.90, indicating a bullish outlook.
What are Other Shareholders Doing?
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 8,861K shares representing 3.92% ownership of the company. In its prior filing, the firm reported owning 9,010K shares , representing a decrease of 1.68%. The firm decreased its portfolio allocation in CUBE by 4.35% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,148K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 7,136K shares , representing an increase of 0.16%. The firm increased its portfolio allocation in CUBE by 12.12% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 7,040K shares representing 3.11% ownership of the company. In its prior filing, the firm reported owning 6,998K shares , representing an increase of 0.60%. The firm increased its portfolio allocation in CUBE by 9.50% over the last quarter.
Price T Rowe Associates holds 6,814K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 5,985K shares , representing an increase of 12.17%. The firm increased its portfolio allocation in CUBE by 30.54% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 5,637K shares representing 2.49% ownership of the company. In its prior filing, the firm reported owning 5,658K shares , representing a decrease of 0.37%. The firm increased its portfolio allocation in CUBE by 8.34% over the last quarter.
CubeSmart Background Information
(This description is provided by the company.)
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,238 self-storage properties across the United States. According to the 2020 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S.
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