The Latest Breaking News from CubeSmart

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

WINTER SPRINGS, Fla. — Lisa Roney was awake in the overnight hours watching the power of Tropical Storm Ian when the water started coming in the back door.

Upgrades

Analysts have provided the following ratings for CubeSmart (NYSE:CUBE) within the last quarter:

Upgrades

Raymond James analyst Jonathan Hughes upgraded CubeSmart (NYSE:CUBE) from Outperform to Strong Buy and lowered the price target from $60 to $52 (24.6% upside). Hughes maintained Public Storage (NYSE:PSA) with a Strong Buy and lowered the price target from $375 to $365 (15.7% upside). The self-storage REITs were vulnerable to the recent sell-off despite the positive fundamental updates. They…

 

The long stretch of historically low interest rates may have benefited real estate more than any other sector. Cheap debt has a direct impact on cash flow, which means more capital to grow and more cash to distribute to shareholders.