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NEW YORK ( TheStreet) -- CubeSmart (NYSE: CUBE) hit a new 52-week high Thursday as it is currently trading at $12.41, above its previous 52-week high of $12.39 with 421,934 shares traded as of 2:35 p.m. ET. Average volume has been 1.2 million shares over the past 30 days. CubeSmart has a market cap of $1.49 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 Wednesday. 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 S&P 500 P/E ratio of 17.7.