Extra Space Storage Inc. (EXR): Today's Featured Financial Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Extra Space Storage ( EXR) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.4%. By the end of trading, Extra Space Storage fell 54 cents (-1.4%) to $38.12 on average volume. Throughout the day, 987,401 shares of Extra Space Storage exchanged hands as compared to its average daily volume of one million shares. The stock ranged in price between $38.09-$39.42 after having opened the day at $38.79 as compared to the previous trading day's close of $38.66. Other companies within the Financial sector that declined today were: HMG/Courtland Properties ( HMG), down 11.5%, Federal Agricultural Mortgage ( AGM.A), down 8.1%, Village Bank and Trust Financial Corporatio ( VBFC), down 7.8%, and ProShares UltraShort DJ-UBS Commodity ( CMD), down 7.5%.
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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 $4.3 billion and is part of the real estate industry. The company has a P/E ratio of 34.1, above the S&P 500 P/E ratio of 17.7. Shares are up 6.9% year to date as of the close of trading on Tuesday. Currently there are four analysts that rate Extra Space Storage a buy, two analysts rate it a sell, and four 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, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Altisource Residential Corporation ( RESI), up 33.5%, Doral Financial ( DRL), up 13.8%, National Financial Partners Corporation ( NFP), up 10.4%, and Tree.com ( TREE), up 10.1%, were all gainers within the financial sector with Blackstone Group ( BX) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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