Cantor Fitzgerald Reaffirms Their Buy Rating on Cubesmart

By Ryan Adsit

In a report issued on May 21, Gaurav Mehta from Cantor Fitzgerald reiterated a Buy rating on Cubesmart (NYSE: CUBE), with a price target of $29. The company’s shares closed yesterday at $25.13.

According to TipRanks.com, Mehta is a 4-star analyst with an average return of 4.2% and a 65.0% success rate. Mehta covers the Financial sector, focusing on stocks such as Ashford Hospitality Trust, Summit Hotel Properties, and Mid-America Apartment.

Currently, the analyst consensus on Cubesmart is Strong Buy and the average price target is $29.33, representing a 16.7% upside.

In a report issued on May 10, Jefferies also reiterated a Buy rating on the stock with a $30 price target.

The company has a one year high of $32.51 and a one year low of $23.65. Currently, Cubesmart has an average volume of 1.48M.

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CubeSmart operates as a self-managed and self-administered real estate investment trust with its operations conducted solely through CubeSmart LP and its subsidiaries. It focuses primarily on the ownership, operation, management, acquisition, and development of self-storage facilities. The company was founded in July 2004 and is headquartered in Malvern, PA.