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NEW YORK ( TheStreet) -- CubeSmart (NYSE: CUBE) hit a new 52-week high Friday as it is currently trading at $11.93, above its previous 52-week high of $11.92 with 484,201 shares traded as of 10:50 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 9.6% year to date as of the close of trading on Thursday. 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 590.5, above the average real estate industry P/E ratio of 113 and above the S&P 500 P/E ratio of 17.7.