Cantor Fitzgerald Reiterates Buy on CubeSmart Following Executive Management Meetings

In a report published Wednesday, Cantor Fitzgerald analyst David Toti reiterated a Buy rating and $17,00 price target on CubeSmart

. In the report, Toti noted, “Last week, we spent a few days on the road with the executive management team at CubeSmart, including Mr. Christopher Marr, President, Chief Operating Officer and Chief Investment Officer; Mr. Timothy Martin, Chief Financial Officer; and Mr. Daniel Ruble, Investor Relations. As always, we met with a wide spectrum of investor types, from the generalist hedge funds to the dedicated long-only, and crossed borders into international markets...Unlike years past, the CubeSmart story is now one of a completed turn-around. Portfolio quality is higher, the capital structure is repaired, ‘new' management is now established, re-branding is complete, external opportunities are plentiful, and perhaps most importantly: core cash flow growth is strong. To that extent, conversations were pleasant, with little need for defense, as was the case back in the dark days of 2009-2010.” CubeSmart closed on Tuesday at $17.08.