NEW YORK ( TheStreet) -- The ex-dividend date for Extra Space Storage (NYSE: EXR) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $24.32 as of 9:30 a.m. ET, the dividend yield is 2.3%. The average volume for Extra Space has been 968,300 shares per day over the past 30 days. Extra Space has a market cap of $2.27 billion and is part of the financial sector and real estate industry. Shares are up 40.1% 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 51.2, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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. See our dividend calendar or top-yielding stocks list.