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12/07/2023 16:10:00 EST
CubeSmart (CUBE)
Industry: REIT - Industrial
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, CUBE has been trading in a range between $39.29 and $33.28 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CUBE is trading between resistance at $41.92 about 0% to the upside and support at $38.74 -7% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $44.78, about a 7% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
CubeSmart (CUBE) entered a Green zone 17 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 3.538, which is a Buy. The current analyst target price is $46.6, which gives it a potential upside of 11.46 % from the recent price of 41.81. The stock is trading 14.28% (potential upside) below its 52 week high of $47.78 and 26.05 % (potential downside) above its 52 week low of $33.17 - based on the recent price.
Company Summary
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, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.
News
| CubeSmart Announces 4.1% Increase in Quarterly Common Dividend MALVERN, Pa., Dec. 07, 2023 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending December 31, 2023. The dividend is payable on January 16, 2024 to common shareholders of record on January 2, 2024. The quarterly distribution represents an annualized dividend rate of $2.04 per share, an increase of $0.08 per share from the previous annual rate of $1.96 per share. Source: GlobeNewsWire Thu, 07 Dec 2023 16:15:00 -0500 Sentiment: Neutral |
| CubeSmart: Strong Dividend Growth & Trading At A Discount CubeSmart is a REIT specializing in self-storage properties, known for its cost-effective and convenient storage solutions. The company has a solid track record of dividend growth, increasing distributions for 12 consecutive years. Despite a recent decline in stock price, CubeSmart presents an attractive buying opportunity as the REIT market transitions into a lower rate environment in 2024. Source: Seeking Alpha Wed, 06 Dec 2023 08:17:12 -0500 Sentiment: Positive |
| Losers Of REIT Earnings Season After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. Unlike the second quarter, which saw a handful of poor reports and unexpectedly steep guidance and dividend cuts, there were no major 'bombshells' this earnings season. While there were upside standouts and some solid reports within these lagging property sectors, the losers of REIT earnings season included: Residential, Office, Mortgage, and Self-Storage REITs. Source: Seeking Alpha Thu, 16 Nov 2023 10:00:00 -0500 Sentiment: Negative |
| Nike, Merck Among 13 Companies To Announce Annual Dividend Increases In Second Half Of November Investors were rewarded with 10%+ dividend increases from Snap-on Tools and ADP in the first half of November. Other companies that rewarded investors in the first two weeks of the month were Emerson, which extended its dividend growth streak to 67 years, and utilities Atmos and Evergy. The second half of the month will bring dividend increases from Nike, Merck, Hormel and Agilent, among others. Source: Seeking Alpha Mon, 13 Nov 2023 10:12:35 -0500 Sentiment: Positive |
| Fed Says 'Not So Fast' Following the best week of the year, U.S. equity markets were mixed this week as interest rates rebounded from the prior week's plunge after Fed officials pushed back on market optimism. Posting gains in nine out of ten sessions since dipping into "correction territory" at the end of October, the S&P 500 gained 1.4% on the week, but Mid-Caps and Small-Caps posted declines. Following their best week since 2020, REITs took a step back this week as upward pressure on benchmark interest rates offset a solid conclusion to a strong earnings season. Source: Seeking Alpha Mon, 13 Nov 2023 09:00:00 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 47.7819 52 Week Low: 33.17 Beta: 0.704 50 Day MA: 37.4218 200 Day MA: 42.633 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.1 Qtr Revenue Growth YOY: 0.027 Forward PE: 23.4742 Trailing PE: 24.8869