J.P. Morgan analyst Michael Mueller maintained a Hold rating on Cubesmart (CUBE – Research Report) today and set a price target of $52.00. The company’s shares closed yesterday at $47.25.
Mueller covers the Financial sector, focusing on stocks such as Extra Space Storage, Public Storage, and Cubesmart. According to TipRanks, Mueller has an average return of 1.6% and a 57.05% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cubesmart with a $52.17 average price target.
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Based on Cubesmart’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $248.66 million and a net profit of $58.36 million. In comparison, last year the company earned a revenue of $199.25 million and had a net profit of $48.75 million
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CubeSmart is a self-managed and self-administered real estate investment trust with its operations conducted solely through CubeSmart LP and its subsidiaries. It owns, operates, develops, manages, and acquires self-storage properties. The company was founded in July 2004 and is headquartered in Malvern, PA.
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