This Is A Time To Build A Position In CubeSmart (NYSE: CUBE)

CubeSmart (NYSE:CUBE)’s traded shares stood at 0.27 million during the latest session, with the company’s beta value hitting 0.78. At the last check today, the stock’s price was $41.01, to imply an increase of 2.27% or $0.91 in intraday trading. The CUBE share’s 52-week high remains $47.81, putting it -16.58% down since that peak but still an impressive 19.12% since price per share fell to its 52-week low of $33.17. The company has a valuation of $9.23B, with an average of 1.35 million shares over the past 3 months.

CubeSmart (NYSE:CUBE) trade information

After registering a 2.27% upside in the latest session, CubeSmart (CUBE) has traded red over the past five days. The stock hit a weekly high of 43.06, jumping 2.27% in its intraday price action. The 5-day price performance for the stock is -5.01%, and 1.41% over 30 days. With these gigs, the year-to-date price performance is -11.52%.

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CubeSmart (CUBE) estimates and forecasts

Looking at statistics comparing CubeSmart share performance against respective industry, we note that the company has outperformed competitors. CubeSmart (CUBE) shares are 4.67% up over the last 6 months, with its year-to-date growth rate higher than industry average at -1.49% against -2.50%.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 15.49% for the past 5-year period. While 2024 is set for a -5.05% return in earnings, projections for the next 5 years are at 28.18% annually.

CUBE Dividends

CubeSmart has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. CubeSmart has a forward dividend ratio of 2.00, with the share yield ticking at 4.88% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.