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. NEW YORK ( TheStreet) -- Extra Space Storage (NYSE: EXR) hit a new 52-week high Wednesday as it is currently trading at $40.98, above its previous 52-week high of $40.97 with 919,354 shares traded as of 3:30 p.m. ET. Average volume has been one million shares over the past 30 days. Extra Space has a market cap of $4.44 billion and is part of the financial sector and real estate industry. Shares are up 11.4% year to date as of the close of trading on Tuesday. 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 35.2, above the S&P 500 P/E ratio of 17.7.
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