Closing Figures: CubeSmart (CUBE)’s Positive Finish at 43.21, Up 0.96

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After finishing at $42.80 in the prior trading day, CubeSmart (NYSE: CUBE) closed at $43.21, up 0.96%. In other words, the price has increased by $0.96 from its previous closing price. On the day, 0.58 million shares were traded. CUBE stock price reached its highest trading level at $43.305 during the session, while it also had its lowest trading level at $42.62.

Ratios:

Our goal is to gain a better understanding of CUBE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 218.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.30. In the meantime, Its Debt-to-Equity ratio is 1.06 whereas as Long-Term Debt/Eq ratio is at 1.06.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on September 13, 2024, Downgraded its rating to Neutral and sets its target price to $54 from $53 previously.

On September 10, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $56.

On August 22, 2024, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $53.Scotiabank initiated its Sector Outperform rating on August 22, 2024, with a $53 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 11 ’24 when Schulte Jennifer sold 15,942 shares for $52.56 per share. The transaction valued at 837,919 led to the insider holds 10,847 shares of the business.

DeNarie Matthew D sold 868 shares of CUBE for $46,560 on Sep 13 ’24. The Chief Accounting Officer now owns 17,081 shares after completing the transaction at $53.64 per share. On Sep 11 ’24, another insider, Schulte Jennifer, who serves as the Officer of the company, bought 15,942 shares for $53.52 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CUBE now has a Market Capitalization of 9825305600 and an Enterprise Value of 12631376896. As of this moment, CubeSmart’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.36, and their Forward P/E ratio for the next fiscal year is 24.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 14.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.33 while its Price-to-Book (P/B) ratio in mrq is 3.51. Its current Enterprise Value per Revenue stands at 11.839 whereas that against EBITDA is 18.171.

Stock Price History:

Over the past 52 weeks, CUBE has reached a high of $55.14, while it has fallen to a 52-week low of $39.80. The 50-Day Moving Average of the stock is -9.49%, while the 200-Day Moving Average is calculated to be -7.70%.

Shares Statistics:

The stock has traded on average 1.41M shares per day over the past 3-months and 1642390 shares per day over the last 10 days, according to various share statistics. A total of 226.00M shares are outstanding, with a floating share count of 224.18M. Insiders hold about 0.87% of the company’s shares, while institutions hold 98.08% stake in the company. Shares short for CUBE as of 1732838400 were 4419529 with a Short Ratio of 2.64, compared to 1730332800 on 4127356. Therefore, it implies a Short% of Shares Outstanding of 4419529 and a Short% of Float of 2.6500002.

Dividends & Splits

In the trailing 12 months, CUBE’s forward annual dividend rate was 2.04, compared to 2.04 this year. Against a Trailing Annual Dividend Yield of 0.04766355The stock’s 5-year Average Dividend Yield is 3.94.

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