Daily Market Movement: CubeSmart (CUBE) Sees a 0.51 Increase, Closing at 45.25

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The closing price of CubeSmart (NYSE: CUBE) was $45.25 for the day, up 0.51% from the previous closing price of $45.02. In other words, the price has increased by $0.51 from its previous closing price. On the day, 1.26 million shares were traded. CUBE stock price reached its highest trading level at $45.34 during the session, while it also had its lowest trading level at $44.51.


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 1337.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.17. In the meantime, Its Debt-to-Equity ratio is 1.07 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, BMO Capital Markets on May 29, 2024, Downgraded its rating to Market Perform and sets its target price to $47 from $50 previously.

On March 27, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $48.

On January 30, 2024, Deutsche Bank started tracking the stock assigning a Sell rating and target price of $40.Deutsche Bank initiated its Sell rating on January 30, 2024, with a $40 target price.

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.

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 10186272768 and an Enterprise Value of 13243206656. As of this moment, CubeSmart’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.12, and their Forward P/E ratio for the next fiscal year is 25.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.65 while its Price-to-Book (P/B) ratio in mrq is 3.66. Its current Enterprise Value per Revenue stands at 12.496 whereas that against EBITDA is 18.888.

Stock Price History:

The Beta on a monthly basis for CUBE is 0.82, which has changed by 0.04310739 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, CUBE has reached a high of $47.81, while it has fallen to a 52-week low of $33.17. The 50-Day Moving Average of the stock is 6.17%, while the 200-Day Moving Average is calculated to be 8.01%.

Shares Statistics:

CUBE traded an average of 1.27M shares per day over the past three months and 1143200 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 0.88% of the company’s shares, while institutions hold 97.45% stake in the company. Shares short for CUBE as of 1715731200 were 5928671 with a Short Ratio of 5.14, compared to 1713139200 on 5113204. Therefore, it implies a Short% of Shares Outstanding of 5928671 and a Short% of Float of 3.58.

Dividends & Splits

With its trailing 12-month dividend rate of 2.0, CUBE has a forward annual dividend rate of 2.00. Against a Trailing Annual Dividend Yield of 0.0444247The stock’s 5-year Average Dividend Yield is 3.91.

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