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CubeSmart (NYSE: CUBE) closed the day trading at $41.38 down -1.76% from the previous closing price of $42.12. In other words, the price has decreased by -$1.76 from its previous closing price. On the day, 1.24 million shares were traded. CUBE stock price reached its highest trading level at $41.89 during the session, while it also had its lowest trading level at $41.32.
Ratios:
For a better understanding of CUBE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1132.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.06. 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, Barclays on March 27, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $48.
On January 30, 2024, Deutsche Bank started tracking the stock assigning a Sell rating and target price of $40.
Jefferies Upgraded its Hold to Buy on January 02, 2024, whereas the target price for the stock was revised from $38 to $53.
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 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 9573966848 and an Enterprise Value of 12422889472. As of this moment, CubeSmart’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.79, and their Forward P/E ratio for the next fiscal year is 22.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.86 while its Price-to-Book (P/B) ratio in mrq is 3.33. Its current Enterprise Value per Revenue stands at 11.776 whereas that against EBITDA is 17.668.
Stock Price History:
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 -5.44%, while the 200-Day Moving Average is calculated to be -1.48%.
Shares Statistics:
Over the past 3-months, CUBE traded about 1.47M shares per day on average, while over the past 10 days, CUBE traded about 1301760 shares per day. 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 97.91% stake in the company. Shares short for CUBE as of 1713139200 were 5113204 with a Short Ratio of 3.47, compared to 1710460800 on 5836050. Therefore, it implies a Short% of Shares Outstanding of 5113204 and a Short% of Float of 3.0700000000000003.
Dividends & Splits
CUBE’s forward annual dividend rate is 2.00, up from 1.98 a year ago. Against a Trailing Annual Dividend Yield of 0.047008548The stock’s 5-year Average Dividend Yield is 3.88.
Earnings Estimates
Its stock is currently analyzed by 7.0 different market analysts. On average, analysts expect EPS of $0.42 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 $0.42, 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 7.0 analysts recommending between $1.86 and $1.73.
Revenue Estimates
8 analysts predict $242.36M in revenue for the current quarter. 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 $223.58MFor the next quarter, 8 analysts are estimating revenue of $246.57M. There is a high estimate of $264.47M for the next quarter, whereas the lowest estimate is $224.7M.
A total of 9 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 $987.73M. In the same quarter a year ago, actual revenue was $912MBased on 9 analysts’ estimates, the company’s revenue will be $1.03B in the next fiscal year. The high estimate is $1.14B and the low estimate is $939.3M.
