Time to Sell CubeSmart (CUBE) After The Completion of This Head & Shoulders Pattern?

September 8, 2018 - By Megan Stone

CubeSmart (NYSE:CUBE) Logo

Investors sentiment increased to 1.25 in Q1 2018. Its up 0.08, from 1.17 in 2017Q4. It increased, as 22 investors sold CubeSmart shares while 80 reduced holdings. 41 funds opened positions while 86 raised stakes. 176.34 million shares or 6.69% less from 188.99 million shares in 2017Q4 were reported.
Gateway Inv Advisers Ltd Llc has invested 0.02% in CubeSmart (NYSE:CUBE). Proshare Limited Liability Com holds 0.01% or 47,153 shares. Westpac reported 618,883 shares. Tdam Usa invested in 39,809 shares or 0.07% of the stock. Fifth Third Savings Bank holds 82,352 shares or 0.02% of its portfolio. Stephens Inc Ar has 88,748 shares. Vident Inv Advisory Ltd Liability Corporation reported 16,741 shares. Moreover, Aqr Management Llc has 0% invested in CubeSmart (NYSE:CUBE). 203 were accumulated by Point72 Asia (Hong Kong) Limited. North Star Investment Mgmt stated it has 300 shares. The Iowa-based Principal Fincl Grp Incorporated has invested 0.19% in CubeSmart (NYSE:CUBE). Davis Selected Advisers has 0.05% invested in CubeSmart (NYSE:CUBE) for 370,035 shares. Bnp Paribas Asset Holding Sa stated it has 101,569 shares or 0.02% of all its holdings. Price T Rowe Associate Md accumulated 2.62 million shares or 0.01% of the stock. 12.63 million were accumulated by Cohen And Steers Inc.

Since May 4, 2018, it had 0 insider purchases, and 3 selling transactions for $8.69 million activity. Perry Jonathan L sold $2.14 million worth of stock. The insider MARR CHRISTOPHER P sold $6.43M.

The stock of CubeSmart (CUBE) formed H&S with $28.98 target or 3.00 % below today’s $29.88 share price. The 8 months Head & Shoulders indicates high risk for the $5.61 billion company. It was reported on Sep, 8 by Faxor.com. If the $28.98 price target is reached, the company will be worth $168.42M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 2.13% or $0.65 during the last trading session, reaching $29.88. About 1.20M shares traded. CubeSmart (NYSE:CUBE) has risen 19.64% since September 8, 2017 and is uptrending. It has outperformed by 7.07% the S&P500.

Analysts await CubeSmart (NYSE:CUBE) to report earnings on October, 25. They expect $0.41 EPS, down 2.38 % or $0.01 from last year’s $0.42 per share. CUBE’s profit will be $77.03M for 18.22 P/E if the $0.41 EPS becomes a reality. After $0.41 actual EPS reported by CubeSmart for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

CubeSmart (NYSE:CUBE) Ratings Coverage

Among 3 analysts covering Cubesmart (NYSE:CUBE), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Cubesmart had 4 analyst reports since May 8, 2018 according to SRatingsIntel. Bank of America upgraded it to “Hold” rating and $3200 target in Tuesday, May 8 report. The stock of CubeSmart (NYSE:CUBE) earned “Neutral” rating by Bank of America on Monday, July 16. Citigroup maintained CubeSmart (NYSE:CUBE) rating on Thursday, July 12. Citigroup has “Neutral” rating and $33 target. The company was downgraded on Tuesday, July 17 by Jefferies.

CubeSmart is a self-administered and self-managed real estate investment trust. The company has market cap of $5.61 billion. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It has a 36.44 P/E ratio.

CubeSmart (NYSE:CUBE) Institutional Positions Chart

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