NEW YORK ( TheStreet) -- CubeSmart (NYSE: CUBE) hit a new 52-week high Wednesday as it is currently trading at $11.52, above its previous 52-week high of $11.49 with 110,620 shares traded as of 10:10 a.m. ET. Average volume has been 974,900 shares over the past 30 days. CubeSmart has a market cap of $1.38 billion and is part of the financial sector and real estate industry. Shares are up 7.8% year to date as of the close of trading on Tuesday. U-Store-It Trust operates as a real estate investment trust (REIT). The company, together with its subsidiaries, engages in the ownership, operation, acquisition, and development of self-storage facilities in the United States. The company has a P/E ratio of 562, above the average real estate industry P/E ratio of 113 and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter