SunTrust Banks, Inc. reiterated their hold rating on shares of CubeSmart (NYSE:CUBE) in a research report sent to investors on Friday. SunTrust Banks, Inc. currently has a $25.00 price objective on the real estate investment trust’s stock.

CUBE has been the topic of a number of other research reports. Zacks Investment Research lowered shares of CubeSmart from a hold rating to a sell rating in a research note on Friday, July 21st. FBR & Co reiterated a buy rating and issued a $32.00 price target on shares of CubeSmart in a research note on Friday. BidaskClub raised shares of CubeSmart from a sell rating to a hold rating in a report on Saturday, September 16th. BMO Capital Markets reissued a market perform rating and issued a $27.00 price objective on shares of CubeSmart in a report on Monday, September 11th. Finally, UBS AG downgraded shares of CubeSmart from an outperform rating to a market perform rating in a report on Wednesday, August 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $27.67.

Shares of CubeSmart (NYSE CUBE) opened at 27.09 on Friday. CubeSmart has a 1-year low of $22.83 and a 1-year high of $28.06. The company has a 50 day moving average of $26.13 and a 200 day moving average of $25.11. The company has a market cap of $4.88 billion, a PE ratio of 46.79 and a beta of 0.19.

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Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of CubeSmart by 5.4% during the 2nd quarter. BlackRock Inc. now owns 12,780,418 shares of the real estate investment trust’s stock worth $307,242,000 after acquiring an additional 650,691 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of CubeSmart by 12.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,672,676 shares of the real estate investment trust’s stock worth $280,612,000 after acquiring an additional 1,335,665 shares during the period. Lasalle Investment Management Securities LLC lifted its holdings in shares of CubeSmart by 5.9% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 10,264,646 shares of the real estate investment trust’s stock worth $246,762,000 after acquiring an additional 569,240 shares during the period. Cbre Clarion Securities LLC lifted its holdings in shares of CubeSmart by 62.1% during the 2nd quarter. Cbre Clarion Securities LLC now owns 6,324,509 shares of the real estate investment trust’s stock worth $152,041,000 after acquiring an additional 2,423,464 shares during the period. Finally, State Street Corp lifted its holdings in shares of CubeSmart by 1.9% during the 1st quarter. State Street Corp now owns 5,583,913 shares of the real estate investment trust’s stock worth $144,956,000 after acquiring an additional 101,843 shares during the period.

About CubeSmart

CubeSmart operates as a self-managed and self-administered real estate company. The Company focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. Its self-storage properties are designed to offer storage space for its residential and commercial customers.

Analyst Recommendations for CubeSmart (NYSE:CUBE)

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