Confidence in CubeSmart (CUBE) Shares by Evercore ISI Fall.

July 16, 2018 - By Margaret Guttierez

CubeSmart (NYSE:CUBE) Logo

Investors sentiment increased to 1.25 in 2018 Q1. Its up 0.08, from 1.17 in 2017Q4. It improved, as 22 investors sold CubeSmart shares while 80 reduced holdings. 41 funds opened positions while 86 raised stakes. 176.34 million shares or 6.69% less from 188.99 million shares in 2017Q4 were reported.

D E Shaw & Company Incorporated, New York-based fund reported 91,889 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 73,246 shares for 0.02% of their portfolio. Marshall Wace Llp holds 0.02% or 13,806 shares. Alliancebernstein L P holds 956,485 shares. Quantbot L P has invested 0.15% in CubeSmart (NYSE:CUBE). Comml Bank Of Mellon reported 2.17 million shares. Epoch Inv Prtn accumulated 0.09% or 899,701 shares. Moreover, North Star Investment has 0% invested in CubeSmart (NYSE:CUBE) for 300 shares. Schroder Investment Mngmt Group Inc owns 572,103 shares. 24,542 were reported by Eii Cap Mngmt Incorporated. Independent Order Of Foresters holds 2.73% or 104,835 shares. Employees Retirement Of Texas holds 140,000 shares. Bailard Inc stated it has 0.04% of its portfolio in CubeSmart (NYSE:CUBE). Intll Group Inc invested 0% of its portfolio in CubeSmart (NYSE:CUBE). Employees Retirement Systems Of Ohio accumulated 0.04% or 286,837 shares.

Since May 4, 2018, it had 0 insider purchases, and 3 selling transactions for $8.69 million activity. $111,953 worth of CubeSmart (NYSE:CUBE) shares were sold by MARTIN TIMOTHY M. Shares for $6.43M were sold by MARR CHRISTOPHER P on Friday, May 4.

CubeSmart (CUBE) Receives a Downgrade

Evercore ISI downgraded shares of CubeSmart (CUBE) stock from a “Outperform” rating to a “In-line” rating in a report made public on 16 July.

The stock decreased 1.07% or $0.34 during the last trading session, reaching $31.49. About 595,674 shares traded. CubeSmart (CUBE) has risen 19.64% since July 16, 2017 and is uptrending. It has outperformed by 7.07% the S&P500.

Analysts await CubeSmart (NYSE:CUBE) to report earnings on July, 26 after the close. They expect $0.41 earnings per share, up 5.13 % or $0.02 from last year’s $0.39 per share. CUBE’s profit will be $75.57 million for 19.20 P/E if the $0.41 EPS becomes a reality. After $0.39 actual earnings per share reported by CubeSmart for the previous quarter, Wall Street now forecasts 5.13 % EPS growth.

CubeSmart is an equity real estate investment trust. The company has market cap of $5.80 billion. The firm invests in the real estate markets of the United States. It has a 39.86 P/E ratio. It engages in ownership, operation, acquisition and development of self-storage facilities.

More news for CubeSmart (NYSE:CUBE) were recently published by: Schaeffersresearch.com, which released: “Evercore Is Avoiding These REITS This Earnings Season” on July 16, 2018. Streetinsider.com‘s article titled: “Evercore ISI Downgrades CubeSmart (CUBE) to In Line” and published on July 16, 2018 is yet another important article.

CubeSmart (NYSE:CUBE) Institutional Positions Chart

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