CubeSmart (CUBE) Price Target: Is It Set To Rise Or Fall In Price?

CubeSmart (NYSE:CUBE) finished Wednesday with an addition of $1.22 to close at $51.80, an upside of 2.41 percent. An average of 814,380 shares of common stock have been traded in the last five days. There was a gain of $2.74 in the past week. The last 20 days have seen an average of 987,415 shares traded, while the 50-day average volume stands at 955,298.

CUBE stock has decreased by -1.88% in the last month. The company shares reached their 1-month lowest point of $47.73 on 10/05/21. With the stock rallying to its 52-week high on 09/08/21, shares of the company touched a low of $31.16 and a high of $55.07 in 52 weeks. In spite of this, the price is down -5.94% from the 52-week high.


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Insider Transactions

55 days have passed since CubeSmart (CUBE) last reported insider trading activity. MARR CHRISTOPHER P, who is CEO, most recently acquired $5,623 shares at $51.52 per share on Aug 20. In this transaction, the insider spent $289,699. CFO, MARTIN TIMOTHY M, disposed of 16,030 shares at a price of $51.03 on Aug 19. The insider now owns more than $818,016 worth of shares. Prior to that, CFO MARTIN TIMOTHY M went on to Sale 17,070 shares at $51.04 each on Aug 18. An amount of $871,198 was transacted.

Valuation Metrics

CubeSmart (CUBE) has a trailing price-to-earnings (P/E) ratio of 57.24, which compares with the 21.25 for the broader industry and 38.25 for the sector. In the last five years, CubeSmart’s PE ratio has ranged between 61.03 and 23.69. The stock’s beta is 0.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 14.24, the price-to-book (PB) ratio at 5.65, and the price-to-cash flow ratio at 134.27.

CubeSmart pays a $1.36 dividend per share annually. It offers a dividend yield of 2.63%. The company has a payout ratio of 148.40%. The company’s most recent quarterly dividend payment was $0.34 a share, without any change from last year. Its dividend has been increased for the last 11 consecutive years with the latest increase dividend $0.01 reported on Tuesday December 8 2020. Dividends have grown by 19.82% each year over the last three years.

CubeSmart will next go ex-dividend on 31-Dec-2021. The next dividend payment CubeSmart will make is expected to be $0.34.

Further, the company has a long term debt to equity ratio of 1.24 and a total debt to equity ratio of 1.24 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 68.00% against a 5-year average of 67.0%. Its gross profit as reported stood at $257.55 million compared to revenue of $679.18 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CubeSmart’s return on assets was 3.90%, compared to 3.5% over the last five years. In the past year, the return on investment has been 5.60%, and the 5-year average is 4.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been 9.90% and the 5-year average holds at 7.4%. For the broader industry, ROE averaged 7.37 over the past year.

Earnings Surprise

The analyst consensus anticipated CubeSmart’s latest quarter earnings to come in at $0.21 per share, but it turned out to be $0.24, a 14.30% surprise. For the quarter, EBITDA amounted to $124.95 million. At the end of the quarter ending June 29, CubeSmart’s stock balance sheet showed total debt was $2.35 billion. Shareholders own equity worth $201.77 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at CubeSmart (CUBE) price momentum. RSI 9-day as of the close on 13 October was 66.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.69%.

As of today, CUBE’s price is $49.84 +5.58% or $2.74 from its 5-day moving average. CUBE is currently trading -1.95% lower than its 20-day SMA and +21.31% higher than its 100-day SMA. However, the stock’s current price level is +2.84% above the SMA50 and +53.53% above the SMA200.

The stochastic %K and %D were 66.61% and 44.57%, respectively, and the average true range (ATR) was 1.09. With the 14-day stochastic at 96.90% and the average true range at 1.04, the RSI (14) stands at 59.58%. The stock has reached 1.21 on the 9-day MACD Oscillator while the 14-day reading was at 1.17.

Analyst Ratings

Berenberg launched coverage on CubeSmart (NYSE: CUBE) in its analyst report released on October 07, 2021. The firm assigned the stock a a Hold rating.The consensus rating for CubeSmart (CUBE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CUBE, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.

What is CUBE’s price target for the next 12 months?

Analysts predict a range of price targets between $51.00 and $61.00, with a median target of $55.00. Taking a look at these predictions, the average price target given by analysts for CubeSmart (CUBE) stock is $55.22.

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