CubeSmart stock: buy or sell?

CUBE stock price: $31.65 0.44% At close on January 24th, 2020

Updated on:
January 24th, 2020

3

CubeSmart shares appreciated 0.44% to $31.65 on January 24th.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading plan that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with CubeSmart stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is CubeSmart stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we collected 3 ratings published for CUBE stock in the last 30 days.

Is CUBE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-17Raymond Jamesn/aBuy
2019-7-19Bank of AmericaBuyNeutral
2019-3-21Raymond JamesMarket PerformOutperform

CubeSmart stock analysis

Daily outlook

CubeSmart closed on January 24th at $31.65 and appreciated a tiny 0.44%.

CubeSmart shares appreciated 0.44% to $31.65 on Jan 24th. Since October when CUBE stock price broke down the SMA200d line, it slid $-2.29 per share (-6.75%). On September, CUBE hit a new all time high, pushing higher than late November 2019 tops. Check different trading setups that use ATHs as triggers.

CUBE stock chart (daily)

Weekly outlook

CubeSmart shares gained 0.54% this week, ending at $31.65.

If you observe the weekly chart, price is in a simple uptrend, tested $30.63 level and now climbing back aiming its last top at $31.69. Since late October 2019, when CUBE stock price broke down the 40-weeks moving avarage line, it slid $-2.38 per share (-6.99%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Far behind is the all-time high CubeSmart marked early September and since then the price is -11.12% below that top.

CUBE stock chart (weekly)

CubeSmart stock price history

CubeSmart IPO was on October 22nd, 2004 at $9.42 per share1. Since then, CUBE stock surged a 236.00%, with a yearly average of 15.70%. If you had invested right after CUBE's IPO a $1,000 in CubeSmart stock in 2004, it would worth $2,360.00 today.

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

CubeSmart stock historical price chart

CUBE stock reached all-time highs on September with a price of $35.61.

CubeSmart stock price target is $38.00

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' CUBE stock price predictions in the hope that they will be met as they may be wrong and not met. Currently, only 1 price prediction for CubeSmart stock was published in the last 30 days:
CUBE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-17Raymond JamesRaises Target$36.00$38.005.6%
(in average)$36.00$38.006.0%

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on February, CubeSmart . As soon as we get its actual EPS from the earnings report, we will update this review.
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

Compared to 2017, last anual turnover report draw a very good gain of 6.98% to $597.94 M dollars. When comparing 2018 vs 2017, similarly, profit margin (that is, the net income divided by revenues) appreciated 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 M 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 turnover to same quarter last year, CubeSmart sales marked a pretty good increase and rose a 7.25%. Looking back to recent quarterly results, CubeSmart posted 3 positive 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 invest in shares of a company, it's worth to have a look its ownership structure.

CubeSmart shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.15% of all shares.

In case of CubeSmart stock, 3.36% 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.

The following table compares ownership indicators for other stocks related to CubeSmart:

CUBE
Market cap$6.1 B
Total shares193.6 M
Float shares192.4 M
  - Institutional holdings (%)3.4%
  - Insider holdings (%)0.1%
Shares in short selling0.0%

CubeSmart summary

Friday, January 24th, 2020
Open$31.59
Close$31.65
Day range$31.45 - $31.72
Previous close$31.51
Session gain0.44%
Average true range$0.45
50d mov avg$30.83
100d mov avg$32.30
200d mov avg$32.57
Daily pattern
Weekly pattern lb01a

CubeSmart performance

To better understand CubeSmart performance you must compare its gains with other related stocks in same sector or industry. We picked as the bechmarking frame for CubeSmart stock.
Stock3m6m12m
CUBE-0.03%-3.24%11.64%

CubeSmart competitors

Unfortunately, we could not find any public company that could be defined as CubeSmart competitor. This doesn't mean CubeSmart does not have any competitor in the market, it's just we could not detected it.