The closing price of CubeSmart (NYSE: CUBE) was $42.72 for the day, down -0.12% from the previous closing price of $42.77. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 1206072 shares were traded.
Ratios:
Our analysis of CUBE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1169.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.58. In the meantime, Its Debt-to-Equity ratio is 1.02 whereas as Long-Term Debt/Eq ratio is at 1.01.
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 this company, Deutsche Bank on January 30, 2024, initiated with a Sell rating and assigned the stock a target price of $40.
On January 02, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $38 to $53.
BMO Capital Markets Upgraded its Market Perform to Outperform on December 15, 2023, whereas the target price for the stock was revised from $46 to $49.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 04 ’24 when Keaton Joel D sold 8,026 shares for $44.58 per share. The transaction valued at 357,780 led to the insider holds 87,663 shares of the business.
MARR CHRISTOPHER P sold 22,057 shares of CUBE for $1,001,580 on Jun 07 ’23. The CEO now owns 480,960 shares after completing the transaction at $45.41 per share. On Jun 05 ’23, another insider, MARR CHRISTOPHER P, who serves as the CEO of the company, sold 16,948 shares for $45.10 each. As a result, the insider received 764,397 and left with 480,960 shares of the company.
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 9.62B and an Enterprise Value of 12.60B. As of this moment, CubeSmart’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.53, and their Forward P/E ratio for the next fiscal year is 23.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.15 while its Price-to-Book (P/B) ratio in mrq is 3.43. Its current Enterprise Value per Revenue stands at 12.00 whereas that against EBITDA is 17.73.
Stock Price History:
Over the past 52 weeks, CUBE has reached a high of $48.93, while it has fallen to a 52-week low of $33.17. The 50-Day Moving Average of the stock is 44.21, while the 200-Day Moving Average is calculated to be 42.11.
Shares Statistics:
CUBE traded an average of 1.55M shares per day over the past three months and 1.52M shares per day over the past ten days. A total of 224.92M shares are outstanding, with a floating share count of 223.00M. Insiders hold about 0.87% of the company’s shares, while institutions hold 98.75% stake in the company. Shares short for CUBE as of Feb 29, 2024 were 6.1M with a Short Ratio of 3.93, compared to 5.22M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.71% and a Short% of Float of 3.09%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.98, CUBE has a forward annual dividend rate of 1.98. Against a Trailing Annual Dividend Yield of 4.63%, it implies a Forward Annual Dividend Yield of 4.77%. The stock’s 5-year Average Dividend Yield is 3.87.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $0.43 for the current quarter, with a high estimate of $0.44 and a low estimate of $0.41, while EPS last year was $0.43. The consensus estimate for the next quarter is $0.43, with high estimates of $0.45 and low estimates of $0.41.
Analysts are recommending an EPS of between $1.78 and $1.7 for the fiscal current year, implying an average EPS of $1.74. EPS for the following year is $1.81, with 7 analysts recommending between $1.86 and $1.73.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $259.2M to a low estimate of $221.3M. As of the current estimate, CubeSmart’s year-ago sales were $223.58M, an estimated increase of 8.40% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $246.58M, an increase of 5.20% less than the figure of $8.40% in the same quarter last year. There is a high estimate of $264.47M for the next quarter, whereas the lowest estimate is $224.7M.
A total of 8 analysts have provided revenue estimates for CUBE’s current fiscal year. The highest revenue estimate was $1.07B, while the lowest revenue estimate was $910.5M, resulting in an average revenue estimate of $997.08M. In the same quarter a year ago, actual revenue was $912M, up 9.30% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $1.04B in the next fiscal year. The high estimate is $1.14B and the low estimate is $951.33M. The average revenue growth estimate for next year is up 4.60% from the average revenue estimate for this year.
