CUBE Stock Summary and Trading Ideas (Cubesmart Common Shares | NYSE:CUBE)

CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.

Cubesmart Common Shares trades on the NYSE stock market under the symbol CUBE.

As of April 19, 2024, CUBE stock price climbed to $42.05 with 771,947 million shares trading.

CUBE has a beta of 1.20, meaning it tends to be more sensitive to market movements. CUBE has a correlation of 0.36 to the broad based SPY ETF.

CUBE has a market cap of $9.45 billion. This is considered a Mid Cap stock.

In the last 3 years, CUBE stock traded as high as $57.34 and as low as $33.18.

The top ETF exchange traded funds that CUBE belongs to (by Net Assets): VNQ, VTI, IJH, VB, VXF.

CUBE has underperformed the market in the last year with a price return of -4.7% while the SPY ETF gained +21.2%. CUBE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.1% and -6.8%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

CUBE support price is $41.18 and resistance is $42.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CUBE stock will trade within this expected range on the day.