CubeSmart Hits Oversold Levels

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CubeSmart (Symbol: CUBE) is currently ranked in the top 25% of dividend stocks based on strong fundamentals and valuation. On Monday, shares traded as low as $39.44, entering oversold territory with a Relative Strength Index (RSI) reading of 29.0, below the average RSI of 37.4 for the dividend stock universe.

CUBE’s annualized dividend is $1.72 per share, yielding 4.15% based on a recent share price of $41.40. This decline is viewed as a potential opportunity for investors to capture higher yields.

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