How The Pieces Add Up: RDIV Targets $55
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Source: NASDAQ.COM
ETF Performance Analysis: The Invesco S&P Ultra Dividend Revenue ETF (RDIV) has an implied analyst target price of $54.90, indicating a potential upside of 10.49% from its current trading price of $49.69.
Individual Holdings Upside Potential: Notable underlying holdings such as CubeSmart, Conagra Brands Inc, and Associated Banc-Corp show significant upside potential based on analysts' target prices, raising questions about the validity of these targets amidst market conditions.
Analyst Views on CUBE
Wall Street analysts forecast CUBE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CUBE is 43.30 USD with a low forecast of 37.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 38.650
Low
37.00
Averages
43.30
High
48.00
Current: 38.650
Low
37.00
Averages
43.30
High
48.00
About CUBE
CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer climate-controlled storage space for residential and commercial customers. It owns its assets and conducts its operations through the CubeSmart, L.P. (Operating Partnership), and subsidiaries of the Operating Partnership. Its customers rent storage cubes for their exclusive use, on a month-to-month basis. Additionally, some of its stores offer outside storage areas for vehicles and boats. Its stores are designed to accommodate both residential and commercial customers, with features, such as wide aisles and load-bearing capabilities for large truck access. Its customers can access their storage cubes during business hours, and some of its stores provide customers with 24-hour access. It owns about 631 self-storage properties located in 25 states and in the District of Columbia, containing an aggregate of about 45.8 million rentable square feet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
