Cantor Fitzgerald Starts CubeSmart (CUBE) at Buy; Behind Brand Buzz, a Bargain
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Price: $41.48 -0.65%
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Cantor Fitzgerald initiates coverage on CubeSmart (NYSE: CUBE) with a Buy. PT $13.00.
Cantor analyst says, "CubeSmart has had tumultuous history, although management has "righted the ship." The balance sheet is stronger, with growth capacity, while portfolio metrics are improving. The company does march to a different operational drummer, which has led to a below-average portfolio occupancy in recent years. There has also been a name change /re-branding effort designed to "meet the future of storage demand." Although initially skeptical, we now believe the diversions to matter little in the context of relative value. Finally, recent acquisitions appear to have been transformative, however heavy the price. We view the stock as a rare, relative value play within a heated, high-growth sub-sector -- and amongst REITs, overall."
For an analyst ratings summary and ratings history on CubeSmart click here. For more ratings news on CubeSmart click here.
Shares of CubeSmart closed at $11.41 yesterday.
Cantor analyst says, "CubeSmart has had tumultuous history, although management has "righted the ship." The balance sheet is stronger, with growth capacity, while portfolio metrics are improving. The company does march to a different operational drummer, which has led to a below-average portfolio occupancy in recent years. There has also been a name change /re-branding effort designed to "meet the future of storage demand." Although initially skeptical, we now believe the diversions to matter little in the context of relative value. Finally, recent acquisitions appear to have been transformative, however heavy the price. We view the stock as a rare, relative value play within a heated, high-growth sub-sector -- and amongst REITs, overall."
For an analyst ratings summary and ratings history on CubeSmart click here. For more ratings news on CubeSmart click here.
Shares of CubeSmart closed at $11.41 yesterday.
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