Take off with CubeSmart (CUBE): Get ready for trading

With 1.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.49 million shares. During the session, the REIT – Industrial company that operates in wider Real Estate sector, reached to the highest price of $42.5 whereas the lowest price it dropped to was $41.55. The 52-week range on CUBE shows that it touched its highest point at $47.81 and its lowest point at $33.17 during that stretch. It currently has a 1-year price target of $46.67. With its current market cap of 9.42 billion, CUBE has annualized dividend of $2.00 while the current yield stands at 4.78%. Beta for the stock currently stands at 0.72.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CUBE was down-trending over the past week, with a drop of -5.17%, but this was down by -2.01% over a month. Three-month performance dropped to -6.14% while six-month performance rose 9.50%. The stock lost -9.16% in the past year, while it has lost -9.69% so far this year. A look at the trailing 12-month EPS for CUBE yields 1.82 with Next year EPS estimates of 1.81. For the next quarter, that number is 0.42. This implies an EPS growth rate of -4.43% for this year and 3.91% for next year. EPS is expected to grow by 28.18% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 15.49%.

Float and Shares Shorts:

At present, 224.92 million CUBE shares are outstanding with a float of 223.00 million shares on hand for trading. On 2024-03-28, short shares totaled 5.3 million, which was 235.0 higher than short shares on 1709164800. In addition to Mr. Christopher P. Marr as the firm’s CEO, President & Trustee, Mr. Timothy M. Martin serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 0.98522 of CUBE’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, CUBE reported revenue of $265125000.0 and operating income of $129291000.0. The EBITDA in the recently reported quarter was $187359000.0 and diluted EPS was $nan.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CUBE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.