Stock Upgrades: CubeSmart Shows Rising Relative Strength

Pandemic or no, people need a place to store their extra stuff. And with more people working at home, sprucing up homes has become popular. And that sometimes entails moving excess items to storage. That’s where storage company CubeSmart comes in. On Friday the Relative Strength (RS) Rating for CubeSmart (CUBE) climbed to 71, up from 68 the day before.


The 71 RS Rating means that small-cap Malvern, Pa.-based CubeSmart has outperformed 71% of all stocks over the past year. That’s good but still needs a bit of improvement. The top stock winners typically have an RS Rating of over 80 in the early stages of their moves.

Other Key Ratings For CubeSmart

CubeSmart is a real estate investment trust. The REIT owns, operates and develops self-storage facilities.

Among other key ratings, the company has an 81 EPS Rating, reflecting strong growth since last summer when it emerged from the coronavirus recession. It also carries an 87 Composite Rating, on a 1-99 scale with 99 tops. And it has an outstanding SMR (sales+profit margins+return on equity) rating.

Additionally, it has a B- Accumulation/Distribution Rating, pointing to moderate buying of its stock by institutions.

In terms of top and bottom line numbers, CubeSmart has posted three quarters of rising earnings growth. Last quarter its EPS rose 15% to 47 cents on a 15% rise in revenue to $188.8 million. Revenue gains have also risen over the same time frame.

The company holds the No. 10 rank among its peers in the Finance-Property REITs industry group. Potlatch (PCH) and Vici Properties (VICI) are also among the group’s highest-rated stocks.

Looking For The Best Stocks To Buy And Watch? Start Here

CubeSmart is now considered extended and out of buy range after clearing a 39.34 buy point in a first-stage flat base. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating measures technical performance by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.


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