Jefferies (NYSE:JEF) analyst Jonathan Petersen maintained a Buy rating on Cubesmart (NYSE:CUBE) on Wednesday, setting a price target of $49, which is approximately 5.83% above the present share price of $46.3.
Petersen expects Cubesmart to post earnings per share (EPS) of $0.21 for the third quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Hold rating of shares in Cubesmart, with an average price target of $46.88.
The analysts price targets range from a high of $51 to a low of $36.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $188.84 million and a net profit of $62.89 million. The company's market cap is $9.33 billion.
According to TipRanks.com, Jefferies analyst Jonathan Petersen is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.1% and a 73.95% 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.