NEW YORK ( TheStreet) -- Extra Space Storage (NYSE: EXR) hit a new 52-week high Friday as it is currently trading at $30.92, above its previous 52-week high of $30.89 with 319,702 shares traded as of 2:54 p.m. ET. Average volume has been 1.3 million shares over the past 30 days. Extra Space has a market cap of $3.2 billion and is part of the financial sector and real estate industry. Shares are up 27.3% year to date as of the close of trading on Thursday. 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 46, below the average real estate industry P/E ratio of 46.7 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, compelling growth in net income 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 all 52-week high stocks or get investment ideas from our investment research center.