Extra Space Storage Inc. (EXR): Today's Featured Real Estate Loser

Extra Space Storage ( EXR) pushed the Real Estate industry lower today making it today's featured Real Estate loser. The industry as a whole closed the day up 0.9%. By the end of trading, Extra Space Storage fell 20 cents (-0.7%) to $28.99 on average volume. Throughout the day, 1.4 million shares of Extra Space Storage exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $28.93-$29.49 after having opened the day at $29.29 as compared to the previous trading day's close of $29.19. Other company's within the Real Estate industry that declined today were: Campus Crest Communities ( CCG), down 3.8%, Capital ( CT), down 3.5%, Vestin Realty Mortgage II ( VRTB), down 2.5%, and Chimera Investment Corporation ( CIM), down 1.6%.

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. Extra Space Storage has a market cap of $3.03 billion and is part of the financial sector. The company has a P/E ratio of 43.5, below the average real estate industry P/E ratio of 44.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 20.3% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate Extra Space Storage a buy, two analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Extra Space Storage 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, compelling growth in net income 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.

On the positive front, Nationstar Mortgage Holdings ( NSM), up 7%, SYSWIN ( SYSW), up 6.7%, Vestin Realty Mortgage I ( VRTA), up 6.7%, and MHI Hospitality Corporation ( MDH), up 5%, were all gainers within the real estate industry with American Express ( AXP) being today's featured real estate industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).
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