A share price of CubeSmart [CUBE] is currently trading at $45.40, up 4.80%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CUBE shares have gain 4.56% over the last week, with a monthly amount glided 5.46%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 18, March 2024, CubeSmart Declares First Quarter 2024 Dividend. In a post published today on Yahoo Finance, CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending March 31, 2024. The dividend is payable on April 15, 2024 to common shareholders of record on April 1, 2024.
From an analyst’s perspective:
CubeSmart [NYSE: CUBE] stock has seen the most recent analyst activity on March 27, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $48. Previously, Deutsche Bank started tracking the stock with Sell rating on January 30, 2024, and set its price target to $40. On January 02, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $53 on the stock. BMO Capital Markets upgraded its rating to a Outperform and increased its price target to $49 on December 15, 2023. Evercore ISI downgraded its rating to a In-line and raised its price target to $43 on December 11, 2023. BofA Securities downgraded its rating to Neutral for this stock on October 30, 2023, and downed its price target to $38. In a note dated October 24, 2023, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $46 to $37.
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 $45.40 at the most recent close of the market. An investor can expect a potential return of 7.38% 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 0.67% with Operating Profit Margin at 0.47%, 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 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.05.
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 44.26 points at the first support level, and at 43.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.97, and for the 2nd resistance point, it is at 46.54.
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 9.72, the price to book ratio is 3.65 and price to earnings (TTM) ratio is 25.00.
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.
