NEW YORK (

TheStreet

) --

Extra Space Storage

(NYSE:

EXR

) hit a new 52-week high Tuesday as it is currently trading at $25.95, above its previous 52-week high of $25.94 with 94,933 shares traded as of 10:19 a.m. ET. Average volume has been 961,300 shares over the past 30 days.

Extra Space has a market cap of $2.4 billion and is part of the

financial

sector and

real estate

industry. Shares are up 6.1% year to date as of the close of trading on Monday.

Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. The company has a P/E ratio of 55, above the average real estate industry P/E ratio of 54 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Extra Space as a

buy

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Extra Space Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null