A share price of CubeSmart [CUBE] is currently trading at $44.11, up 0.82%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CUBE shares have gain 2.94% over the last week, with a monthly amount glided 2.53%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, CubeSmart Reports Fourth Quarter and Annual 2023 Results. In a post published today on Yahoo Finance, CubeSmart (NYSE: CUBE) today announced its operating results for the three and twelve months ended December 31, 2023.
From an analyst’s perspective:
CubeSmart [NYSE: CUBE] stock has seen the most recent analyst activity on January 30, 2024, when Deutsche Bank initiated its Sell rating and assigned the stock a price target of $40. Previously, Jefferies upgraded its rating to Buy on January 02, 2024, and elevated its price target to $53. On December 15, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $49 on the stock. Evercore ISI downgraded its rating to a In-line and increased its price target to $43 on December 11, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $38 on October 30, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on October 24, 2023, and downed its price target to $37. In a note dated June 15, 2023, Wells Fargo initiated an Overweight rating and provided a target price of $50 on this stock.
CubeSmart experienced fluctuations in its stock price throughout the past year between $33.17 and $48.93. Currently, Wall Street analysts expect the stock to reach $48.75 within the next 12 months. CubeSmart [NYSE: CUBE] shares were valued at $44.11 at the most recent close of the market. An investor can expect a potential return of 10.52% based on the average CUBE price forecast.
Analyzing the CUBE fundamentals
Trailing Twelve Months sales for CubeSmart [NYSE:CUBE] were 1.05B which represents 1.59% growth. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.39%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.15 and Total Capital is -0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 43.86 points at the first support level, and at 43.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.32, and for the 2nd resistance point, it is at 44.53.
CubeSmart [CUBE] reported earnings per share of $0.5 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.05 and a surprise factor of 11.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.45 per share as compared to estimates of $0.45 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.45, the price to book ratio is 3.54 and price to earnings (TTM) ratio is 24.29.
Transactions by insiders
Recent insider trading involved Keaton Joel D, COO, that happened on Mar 04 ’24 when 8026.0 shares were sold. CEO, MARR CHRISTOPHER P completed a deal on Jun 07 ’23 to sell 22057.0 shares. Meanwhile, CEO MARR CHRISTOPHER P sold 16948.0 shares on Jun 05 ’23.
