Extra Space Reaches New 52-Week High (EXR)

NEW YORK ( TheStreet) -- Extra Space Storage (NYSE: EXR) hit a new 52-week high Tuesday as it is currently trading at $29.23, above its previous 52-week high of $29.20 with 309,590 shares traded as of 10:25 a.m. ET. Average volume has been 846,700 shares over the past 30 days.

Extra Space has a market cap of $2.68 billion and is part of the financial sector and real estate industry. Shares are up 19.5% 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 53.9, above the average real estate industry P/E ratio of 52.4 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 robust revenue growth, solid stock price performance, impressive record of earnings per share growth, good cash flow from operations and expanding profit margins. 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.

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