CubeSmart stock: buy or sell?

CUBE stock price: $35.17 -0.68% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

5

After several days of continuous hikes in past weeks, CubeSmart depreciated -0.68% to $35.17.

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.

Should I buy CubeSmart stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, 2 buy setups are elegible for CubeSmart stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is CubeSmart stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we gathered 3 ratings published for CUBE stock in the last month.

Is CUBE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-19Bank of AmericaBuyNeutral
2019-3-21Raymond JamesMarket PerformOutperform
2019-1-9BMO Capital MarketsOutperformMarket Perform

CubeSmart stock analysis

Daily outlook

CubeSmart set new all time highs back again today, marking to $35.73. Shares ended at $35.17 and depreciated -0.68%.

CubeSmart topped new all time highs again today, setting highs to $35.73. Shares ended at $35.17 and depreciated -0.68%. In the last 23 days when CUBE stock price broke up the SMA50d line, it gained $1.53 (4.55%).

CUBE stock chart (daily)

Weekly outlook

Despite of closing in red ($35.17, -0.20%), CubeSmart marked new all time high at $35.73.

CUBE shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom late April, CUBE climbed unceasignly breaking out to new all time highs. Since SMA20d and SMA40w crossed up early March, CUBE price climbed $5.34 per share (17.90%). Since price and SMA40w lines crossed up late January, CUBE climbed $6.26 (21.65%).

CUBE stock chart (weekly)

CubeSmart stock price history

CubeSmart IPO was on October 22nd, 2004 at $9.60 per share1. Since then, CUBE stock grew a 266.40%, with an average of 19.00% per year. If you had invested $1,000 in CubeSmart stock in 2004, it would worth $2,664.00 today.

1: Adjusted price after possible price splits or reverse-splits.

CubeSmart stock historical price chart

CUBE stock reached all-time highs today with a price of $35.73.

CubeSmart stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not detected any price prediction for CubeSmart stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, CubeSmart matched the estimates of the experts and reported an EPS of $0.42 per share. Unfortunately, reported EPS is not yet available in our database.
CUBE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.18n/a
2017-Q32017-10-260.20.215.0%
2017-Q42018-02-150.410.410.0%
2018-Q12018-04-260.390.390.0%
2018-Q22018-07-260.410.410.0%
2018-Q32018-10-250.410.434.9%
2018-Q42019-02-210.420.420.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, CubeSmart annual turnover escalated a more than good 6.98% to $597.94 million USD from $558.94 marked in 2017. When comparing 2018 vs 2017, similarly, profit margin (that is, the net income divided by revenues) raised a 3.38% to 27.41%.

CUBE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$312 M-$10 M3.3%-
2014$377 M20.73%$26 M7.0%153.64%
2015$445 M17.92%$78 M17.5%194.60%
2016$510 M14.74%$88 M17.2%13.12%
2017$559 M9.59%$134 M24.0%52.76%
2018$598 M6.98%$164 M27.4%22.04%

Quarterly financial results

CubeSmart posted $153.88 million in sales for 2018-Q4, a 0.33% improvement compared to previous quarter. Reported quarter income marked $48.16 million with a profit margin of 31.29%. Profit margin gained a 3.32% compared to previous quarter when profit margin was 27.97%. When comparing revenues to same quarter last year, CubeSmart sales marked a very good gain and rose a 7.25%. Looking back to recent quarterly results, CubeSmart posted 3 negative quarters in a row.
CUBE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$138 M-$32 M23.5%-
2017-Q3$144 M3.88%$37 M26.0%14.91%
2017-Q4$143 M-0.05%$40 M27.6%6.02%
2018-Q1$143 M-0.42%$34 M24.1%-12.96%
2018-Q2$148 M3.46%$38 M26.0%11.58%
2018-Q3$153 M3.76%$43 M28.0%11.69%
2018-Q4$154 M0.33%$48 M31.3%12.25%
2019-Q1$153 M-0.67%$35 M23.2%-26.29%

CubeSmart ownership

When you are planning to buy shares of a company, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For CubeSmart, 0.25% of all outstanding shares are owned by its staff.

In case of CubeSmart stock, 4.75% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for CUBE stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related companies:

CUBEEXRLSIPSA
Market cap$6.6 B$15.4 B$4.9 B$45.3 B
Total shares187.7 M127.5 M46.6 M174.5 M
Float shares191.4 M124.5 M46.0 M148.8 M
  - Institutional holdings (%)4.8%100.6%99.2%82.5%
  - Insider holdings (%)0.2%3.1%1.7%14.7%
Shares in short selling0.0%0.0%0.0%0.0%

CubeSmart summary

Friday, August 23rd, 2019
Open$35.44
Close$35.17
Day range$35.09 - $35.73
Previous close$35.41
Session gain-0.68%
Average true range$0.53
50d mov avg$34.31
100d mov avg$33.31
200d mov avg$31.49
Daily pattern
Weekly pattern lb03c

CubeSmart performance

To measure stock performance is always good to compare with competitors or related stocks. We picked Extra Space Storage, Life Storage and as the bechmarking frame for CubeSmart stock.
Stock3m6m12m
CUBE5.17%18.66%19.54%
EXRExtra Space Stora...14.04%30.15%35.48%
LSILife Storage8.56%10.03%11.05%
PSA10.78%31.30%26.18%

CubeSmart competitors

One check before investing in any stock is to review a list of its competitors, in this case for CubeSmart. We picked 3 companies as CubeSmart competitors as they are in the same industry or have similar market objectives.