A Great Stock That Is Lost For Many Investors: CubeSmart (CUBE)

CubeSmart (NYSE: CUBE) is -14.99% lower on its value in year-to-date trading and has touched a low of $19.61 and a high of $36.32 in the current 52-week trading range. The CUBE stock was last observed hovering at around $26.76 in the last trading session, with the day’s gains setting it 0.2% off its average median price target of $28.00 for the next 12 months. It is also 20.71% off the consensus price target high of $34.00 offered by 12 analysts, but current levels are -17.22% lower than the price target low of $23.00 for the same period.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Currently trading at $26.96, the stock is -4.12% and 2.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 0.75% at the moment leaves the stock -10.18% off its SMA200. CUBE registered -20.36% loss for a year compared to 6-month loss of -14.42%. The firm has a 50-day simple moving average (SMA 50) of $26.87 and a 200-day simple moving average (SMA200) of $28.57.

The stock witnessed a -0.04% gain in the last 1 month and extending the period to 3 months gives it a 10.40%, and is -4.60% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.12% over the week and 3.03% over the month.

CubeSmart (CUBE) has around 3011 employees, a market worth around $5.37B and $655.20M in sales. Current P/E ratio is 29.93 and Fwd P/E is 34.35. Profit margin for the company is 26.20%. Distance from 52-week low is 37.48% and -25.77% from its 52-week high. The company has generated returns on investments over the last 12 months (6.20%).

CubeSmart (CUBE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for CubeSmart (CUBE) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 3.20, where 8 rate it as a Hold and 1 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

CubeSmart is expected to release its quarterly report on 07/23/2020 and quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $162.68M over the same period.The EPS is expected to shrink by -0.10% this year, but quarterly earnings will post 2.40% year-over-year. Quarterly sales are estimated to grow 2.30% in year-over-year returns.

CubeSmart (CUBE) Top Institutional Holders

425 institutions hold shares in CubeSmart (CUBE), with 1.11M shares held by insiders accounting for 0.57% while institutional investors hold 103.15% of the company’s shares. The shares outstanding are 193.58M, and float is at 192.46M with Short Float at 3.02%. Institutions hold 102.56% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 28.18 million shares valued at $754.99 million. The investor’s holdings represent 14.56% of the CUBE Shares outstanding. As of Mar 30, 2020, the second largest holder is FMR, LLC with 19.01 million shares valued at $509.33 million to account for 9.82% of the shares outstanding. The other top investors are Blackrock Inc. which holds 13.82 million shares representing 7.14% and valued at over $370.3 million, while AllianceBernstein, L.P. holds 4.97% of the shares totaling 9.63 million with a market value of $257.89 million.

CubeSmart (CUBE) Insider Activity

A total of 20 insider transactions have happened at CubeSmart (CUBE) in the last six months, with sales accounting for 5 and purchases happening 15 times. The most recent transaction is an insider sale by MARR CHRISTOPHER P, the company’s CEO. SEC filings show that MARR CHRISTOPHER P sold 79,888 shares of the company’s common stock on Sep 04 at a price of $36.15 per share for a total of $2.89 million. Following the sale, the insider now owns 0.4 million shares.

CubeSmart disclosed in a document filed with the SEC on Sep 03 that MARR CHRISTOPHER P (CEO) sold a total of 701 shares of the company’s common stock. The trade occurred on Sep 03 and was made at $36.00 per share for $25236.0. Following the transaction, the insider now directly holds 0.4 million shares of the CUBE stock.

Still, SEC filings show that on Aug 30, MARTIN TIMOTHY M (CFO) disposed off 17,791 shares at an average price of $35.80 for $0.64 million. The insider now directly holds 182,236 shares of CubeSmart (CUBE).

CubeSmart (CUBE): Who are the competitors?

The company’s main competitors (and peers) include Life Storage Inc. (LSI) that is trading -3.34% down over the past 12 months. Extra Space Storage Inc. (EXR) is -14.95% down on the 1-year trading charts. Short interest in the company’s stock has risen 35.63% from the last report on Apr 29, 2020 to stand at a total of 3.74 million short shares sold with a short interest ratio of 4.16.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free