CubeSmart Reaches New 52-Week High (CUBE)

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.

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TheStreet Ratings rates CubeSmart as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full CubeSmart Ratings Report.

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