CubeSmart (CUBE) : During the past 4 weeks, traders have been relatively bearish on CubeSmart (CUBE), hence the stock is down -0.18% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.44% relative to the S&P 500. The 4-week change in the price of the stock is -2.2% and the stock has fallen -1.92% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.76% and the 50-Day Moving Average is 7.45%.The 200 Day SMA reached 11.42% CubeSmart has dropped 10.44% during the last 3-month period . Year-to-Date the stock performance stands at -11.87%.
CubeSmart (CUBE) stock is expected to deviate a maximum of $2.3 from the average target price of $32.56 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $37 and the most muted being $30.
For the current week, the company shares have a recommendation consensus of Buy. CubeSmart (NYSE:CUBE): The stock opened at $26.41 and touched an intraday high of $26.66 on Friday. During the day, the stock corrected to an intraday low of $26.4, however, the bulls stepped in and pushed the price higher to close in the green at $26.63 with a gain of 0.23% for the day. The total traded volume for the day was 972,413. The stock had closed at $26.63 in the previous trading session.
CubeSmart is a self-administered and self-managed real estate company focused primarily on the ownership, operation, management, acquisition and development of self-storage facilities in the United States. The Companys self-storage facilities offer storage space for its residential and commercial customers with features, such as wide aisles and loadbearing capabilities for large truck access. As of December 31, 2014, the Company owned 421 self-storage facilities located in 22 states of the United States and in the District of Columbia containing an aggregate of approximately 28.6 million rentable square feet. As of December 31, 2014, the Company managed 174 facilities for third parties (including 35 facilities containing an aggregate of approximately 2.4 million rentable square feet as part of an unconsolidated real estate venture in which it owns a 50% interest).