CubeSmart $CUBE stock did a candle over candle turn on October 17, 2022, after UBS started coverage of the stock with a Buy rating.
We often see demand pick up for self-storage in a recession as people downsize into lower priced properties and require storage to temporarily store items.
CubeSmart initiated with a Buy at UBS
On October 17, 2022, UBS analyst Michael Goldsmith initiated coverage of CubeSmart with a Buy rating and $45 price target as part of a broader research note on U.S. Self Storage REITs. Goldsmith said that company’s with exposure to higher incomeThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... consumers and denser populations should outperform as customers in these markets can better absorb recent and future price increases. Population migration to secondary and tertiary markets has also normalized, benefitting primary markets.
Two-Minute Drill: Public Storage
CubeSmart $CUBE Stock Technical Analysis
CubeSmart $CUBE stock is in a technical downtrend. Long-term indicators support a continuation of the downtrend.
