Trade-Ideas LLC identified

CubeSmart

(

CUBE

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified CubeSmart as such a stock due to the following factors:

  • CUBE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $39.1 million.
  • CUBE has traded 11,056 shares today.
  • CUBE is trading at a new lifetime high.

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More details on CUBE:

CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self-storage facilities in the United States. The stock currently has a dividend yield of 2.6%. CUBE has a PE ratio of 76. Currently there are 7 analysts that rate CubeSmart a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for CubeSmart has been 1.5 million shares per day over the past 30 days. CubeSmart has a market cap of $5.7 billion and is part of the financial sector and real estate industry. The stock has a beta of -0.05 and a short float of 4.6% with 4.84 days to cover. Shares are up 5% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates CubeSmart as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • CUBE's revenue growth has slightly outpaced the industry average of 7.9%. Since the same quarter one year prior, revenues rose by 16.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • CUBESMART reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CUBESMART increased its bottom line by earning $0.41 versus $0.13 in the prior year. This year, the market expects an improvement in earnings ($0.45 versus $0.41).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 576.9% when compared to the same quarter one year prior, rising from $5.48 million to $37.12 million.
  • Net operating cash flow has increased to $53.21 million or 12.98% when compared to the same quarter last year. In addition, CUBESMART has also modestly surpassed the industry average cash flow growth rate of 3.64%.
  • Powered by its strong earnings growth of 900.00% and other important driving factors, this stock has surged by 28.22% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.

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