BMO Capital analyst Juan C. Sanabria maintained a Buy rating on Cubesmart (NYSE:CUBE) on Friday, setting a price target of $59, which is approximately 6.90% above the present share price of $55.19.
C. Sanabria expects Cubesmart to post earnings per share (EPS) of $0.24 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Cubesmart, with an average price target of $56.
The analysts price targets range from a high of $60 to a low of $52.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $199.25 million and a net profit of $69.8 million. The company's market cap is $11.14 billion.
According to TipRanks.com, BMO Capital analyst Juan C. Sanabria is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.5% and a 56.99% success rate.
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.