(NYSE:CUBE) CubeSmart Increase 52 Week High Record

CubeSmart (NYSE:CUBE)

June 12th, 2019

Amidst falling markets CubeSmart finished Wednesday’s trading session down 0.23%, a ($0.08) decrease to close on $33.99. Despite the drop in price it hit a new 52 week high of $34.49.

CUBE was outperformed by the rest of the Real Estate sector which went up 0.26%.

Results from 9 analysts indicates that CubeSmart might fall somewhat (-6.14%), while Finbox has calculated (with very high uncertainty) a fair value price of $27.01.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending up. Utilities saw the biggest increase of the day (1.33%), while the Energy sector saw the biggest drop (-1.44%). Information Technology has seen the biggest year-to-date gain of 23.77%.

Energy and Financials both saw turn-arounds from their five day positive performances with Energy dropping -1.44%.

Sector Breakdown

  • Utilities, up 1.33%.
  • Healthcare, up 0.51%.
  • Materials, up 0.31%.
  • Real Estate, up 0.26%.
  • Industrials, up 0.20%.
  • Consumer Staples, up 0.04%.
  • Consumer Discretionary, down -0.11%.
  • Communication Services, down -0.28%.
  • Information Technology, down -0.58%.
  • Financials, down -0.95%.
  • Energy, down -1.44%.

CubeSmart Info

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 secure storage space for residential and commercial customers. According to the 2019 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

All amounts in USD unless otherwise indicated

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