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A report released today by Zacks Investment Research about CubeSmart (NYSE:CUBE) ups the target price to $28.00

In a report released on 11/30/2016 Zacks Investment Research increased the price target of CubeSmart (NYSE:CUBE) to $28.00 reporting a potential upside of 0.14%.

On 11/16/2016, Zacks Investment Research released a statement for CubeSmart (NYSE:CUBE) bumped up the target price from $0.00 to $28.00 that suggested an upside of 0.11%.

Boasting a price of $24.65, CubeSmart (NYSE:CUBE) traded -0.60% lower on the day. With the last stock price close down -12.69% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. CubeSmart has recorded a 50-day average of $25.41 and a two hundred day average of $28.23. Volume of trade was up over the average, with 1,747,997 shares of CUBE changing hands over the typical 1,692,170

Performance Chart

CubeSmart (NYSE:CUBE)

With a total market value of $0, CubeSmart has P/E ratio of 47.22 with a 52 week low of $23.65 and a 52 week high of $33.52 .

In addition to Zacks Investment Research reporting its stock price target, a total of 12 brokers have released a research note on CubeSmart. The 12-month price target is $34.13 with four brokerages rating the company a strong buy, four brokerages rating the company a buy, five equity analysts rating the company a hold, zero brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About CubeSmart (NYSE:CUBE)

CubeSmart operates as a self-managed and self-administered real estate investment trust (REIT). The Company's operations are conducted solely through CubeSmart, L.P. (the Operating Partnership) and its subsidiaries. The Company is focused primarily on the ownership, operation, management, acquisition and development of self-storage facilities in the United States. The Company's self-storage facilities offer storage space for its residential and commercial customers with features, such as wide aisles and loadbearing capabilities for large truck access. Its self-storage facilities are located in metropolitan areas, as well as suburban areas. The Company owns over 440 self-storage facilities located in over 20 states and in the District of Columbia containing an aggregate of approximately 30.4 million rentable square feet. It also enables the customers to rent storage cubes for their use, typically on a month-to-month basis.

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