NEW YORK (

TheStreet

) --

Extra Space Storage

(NYSE:

EXR

) hit a new 52-week high Wednesday as it is currently trading at $23.74, above its previous 52-week high of $23.72 with 824,339 shares traded as of 1:46 p.m. ET. Average volume has been 944,900 shares over the past 30 days.

Extra Space has a market cap of $2.09 billion and is part of the

financial

sector and

real estate

industry. Shares are up 32.4% year to date as of the close of trading on Tuesday.

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 48.8, above the average real estate industry P/E ratio of 47.2 and above the S&P 500 P/E ratio of 17.7.

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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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Extra Space Ratings Report

.

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