The Latest Breaking News from CubeSmart

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

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

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.

If history is any guide, there may be trouble ahead for shares of CubeSmart (NYSE:CUBE). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.