Jefferies (NYSE:JEF) analyst Jonathan Petersen maintained a Hold rating on Cubesmart (NYSE:CUBE) on Monday, setting a price target of $26, which is approximately 17.12% below the present share price of $31.37.
Petersen expects Cubesmart to post earnings per share (EPS) of $0.20 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Cubesmart, with an average price target of $29.83.
The analysts price targets range from a high of $35 to a low of $26.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $163.8 million and a net profit of $59.02 million. The company's market cap is $6.08 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 9.2% and a 72.59% 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.