CubeSmart (NYSE: CUBE) is 13.03% higher on its value in year-to-date trading and has touched a low of $33.17 and a high of $55.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CUBE stock was last observed hovering at around $53.03 in the last trading session, with the day’s loss setting it -0.64%.
Currently trading at $52.39, the stock is -1.76% and 3.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing -1.21% at the moment leaves the stock 14.43% off its SMA200. CUBE registered 39.67% gain for a year compared to 6-month gain of 18.00%. The firm has a 50-day simple moving average (SMA 50) of $50.842 and a 200-day simple moving average (SMA200) of $45.8172.
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The stock witnessed a 1.59% loss in the last 1 month and extending the period to 3 months gives it a 18.40%, and is -2.26% 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 1.56% over the week and 1.75% over the month.
CubeSmart (CUBE) has around 3040 employees, a market worth around $11.80B and $1.06B in sales. Current P/E ratio is 29.37 and Fwd P/E is 29.47. Profit margin for the company is 38.07%. Distance from 52-week low is 57.92% and -4.99% from its 52-week high. The company has generated returns on investments over the last 12 months (7.06%).
The EPS is expected to shrink by -5.14% this year
611.0 institutions hold shares in CubeSmart (CUBE), with institutional investors hold 99.99% of the company’s shares. The shares outstanding are 224.92M, and float is at 223.23M with Short Float at 1.94%. Institutions hold 99.22% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 31.73 million shares valued at $1.43 billion. The investor’s holdings represent 14.0542 of the CUBE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 27.13 million shares valued at $1.23 billion to account for 12.0179 of the shares outstanding. The other top investors are FMR LLC which holds 17.95 million shares representing 7.9522 and valued at over $810.96 million, while STATE STREET CORP holds 5.0066 of the shares totaling 11.3 million with a market value of $510.57 million.
CubeSmart (CUBE) Insider Activity
The most recent transaction is an insider sale by Schulte Jennifer, the company’s Chief Human Resources Officer. SEC filings show that Schulte Jennifer sold 15,942 shares of the company’s common stock on Sep 11 ’24 at a price of $52.56 per share for a total of $0.84 million. Following the sale, the insider now owns 10847.0 shares.
CubeSmart disclosed in a document filed with the SEC on Sep 13 ’24 that DeNarie Matthew D (Chief Accounting Officer) sold a total of 868 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $53.64 per share for $46560.0. Following the transaction, the insider now directly holds 17081.0 shares of the CUBE stock.
Still, SEC filings show that on Sep 11 ’24, Schulte Jennifer (Officer) Proposed Sale 15,942 shares at an average price of $53.52 for $0.85 million. The insider now directly holds shares of CubeSmart (CUBE).
