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CubeSmart (NYSE:CUBE) target bumped up to $30.00, reported today by Zacks Investment Research

CubeSmart (NYSE:CUBE) had its price target upped to $30.00 by Zacks Investment Research in a report released 10/12/2016. The bumped up target suggests a possible upside of 0.14% from the company's most recent stock price close.

Boasting a price of $26.34, CubeSmart (NYSE:CUBE) traded 1.97% higher on the day. The last stock price is down -11.36% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. CUBE has recorded a 50-day moving average of $27.20 and a 200-day moving average of $29.83. 1,634,364 shares of CUBE traded hands, down from an average trading volume of 1,914,840

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CubeSmart (NYSE:CUBE)

CubeSmart has 52 week low of $25.40 and a 52 week high of $33.52 with a P/E ratio of 53.63 and has a market cap of $0.

In addition to Zacks Investment Research reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $34.13 with 4 firms rating the stock a strong buy, 4 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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