Shares of CubeSmart (NYSE:CUBE) Sees Large Inflow of Net Money Flow

CubeSmart (NYSE:CUBE) dropped slightly amid mild profit booking and the last known price was $29.46 per share. The price decreased by -0.12 points or -0.41% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $0.52 million. The total upticks were valued at $1.12 million and the total downticks aggregated to $0.6 million, thereby putting the up/down ratio at 1.87,. The shares have seen a change in the share price of -7.97% on a weekly basis.In a big block trade which occurred today, the total uptick value was $0.53 million and the total downtick value was $0, resulting in an up/down ratio of 0. The net money flow for the block trade was calculated to be $0.53 million.


Currently the company Insiders own 1.13% of CubeSmart shares according to the proxy statements. On the companys insider trading activities,The officer (CFO) of Cubesmart, Martin Timothy M sold 110,046 shares at $26.23 on August 10, 2015. The Insider selling transaction had a total value worth of $2,886,507. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

CubeSmart (NYSE:CUBE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.13 points or 0.44% at $29.45 with 3,136,190 shares getting traded. Post opening the session at $29.69, the shares hit an intraday low of $29.4 and an intraday high of $29.85 and the price was in this range throughout the day. The company has a market cap of $5,228 million and the number of outstanding shares have been calculated to be 177,522,870 shares. The 52-week high of CubeSmart (NYSE:CUBE) is $33.52 and the 52-week low is $22.86.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of CubeSmart (NYSE:CUBE). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $32 per share from a prior target of $30. The rating by the firm was issued on May 12, 2016.

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).

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