CubeSmart (CUBE): These Numbers Show Where NYSE:CUBE Stock Is Going Next

CubeSmart (NYSE: CUBE) is -5.78% lower on its value in year-to-date trading and has touched a low of $33.17 and a high of $48.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CUBE stock was last observed hovering at around $43.96 in the last trading session, with the day’s loss setting it -0.29%.

Currently trading at $43.67, the stock is -1.77% and -1.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing -0.66% at the moment leaves the stock 3.28% off its SMA200. CUBE registered -4.92% loss for a year compared to 6-month gain of 3.83%. The firm has a 50-day simple moving average (SMA 50) of $12.23 and a 200-day simple moving average (SMA200) of $18.29.

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The stock witnessed a -1.93% loss in the last 1 month and extending the period to 3 months gives it a 19.32%, and is 1.51% up 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 1.78% over the week and 2.12% over the month.

CubeSmart (CUBE) has around Dec 29 2023 employees, a market worth around $9.82B and $1.05B in sales. Current P/E ratio is 25.99 and Fwd P/E is 24.66. Profit margin for the company is 36.32%. Distance from 52-week low is 31.64% and -10.75% from its 52-week high. The company has generated returns on investments over the last 12 months (6.56%).

CubeSmart quarterly earnings per share for the current quarter are estimated at $0.45 with sales reaching $244.66M over the same period.The EPS is expected to grow by 36.75% this year, but quarterly earnings will post -4.50% year-over-year. Quarterly sales are estimated to shrink -6.30% in year-over-year returns.

CubeSmart (CUBE) Top Institutional Holders

609 institutions hold shares in CubeSmart (CUBE), with institutional investors hold 101.77% of the company’s shares. The shares outstanding are 224.60M, and float is at 222.91M with Short Float at 2.34%. Institutions hold 100.99% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 31.88 million shares valued at $1.42 billion. The investor’s holdings represent 14.18% of the CUBE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 26.02 million shares valued at $1.16 billion to account for 11.58% of the shares outstanding. The other top investors are FMR, LLC which holds 16.35 million shares representing 7.27% and valued at over $730.29 million, while State Street Corporation holds 5.50% of the shares totaling 12.36 million with a market value of $551.99 million.

CubeSmart (CUBE) Insider Activity

A total of 1 insider transactions have happened at CubeSmart (CUBE) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by MARR CHRISTOPHER P,the company’sCEO. SEC filings show that MARR CHRISTOPHER P sold 22,057 shares of the company’s common stock on Jun 07 at a price of $45.41 per share for a total of $1.0 million. Following the sale, the insider now owns 0.48 million shares.

CubeSmart disclosed in a document filed with the SEC on Jun 05 that MARR CHRISTOPHER P (CEO) sold a total of 16,948 shares of the company’s common stock. The trade occurred on Jun 05 and was made at $45.10 per share for $0.76 million. Following the transaction, the insider now directly holds 0.48 million shares of the CUBE stock.

Still, SEC filings show that on Jun 05, Foster Jeffrey P (CLO & Secretary) disposed off 15,000 shares at an average price of $45.05 for $0.68 million. The insider now directly holds 169,112 shares of CubeSmart (CUBE).

CubeSmart (CUBE): Who are the competitors?

The company’s main competitors (and peers) include Public Storage (PSA) that is trading -7.00% down over the past 12 months. Extra Space Storage Inc. (EXR) that is -12.83% lower over the same period.