Extra Space Storage Inc. (EXR): Today's Featured Real Estate 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 Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Extra Space Storage fell $0.49 (-1.2%) to $41.52 on light volume. Throughout the day, 494,973 shares of Extra Space Storage exchanged hands as compared to its average daily volume of 1,063,000 shares. The stock ranged in price between $41.45-$42.11 after having opened the day at $42.11 as compared to the previous trading day's close of $42.01. Other companies within the Real Estate industry that declined today were: Homex Development ( HXM), down 11.6%, Vestin Realty Mortgage I ( VRTA), down 7.0%, Vestin Realty Mortgage II ( VRTB), down 6.2% and American Realty Investors ( ARL), down 5.0%.
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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 $4.6 billion and is part of the financial sector. The company has a P/E ratio of 36.2, above the S&P 500 P/E ratio of 17.7. Shares are up 15.4% year to date as of the close of trading on Friday.

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, expanding profit margins, good cash flow from operations and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Institutional Financial Markets ( IFMI), down 8.5%, Elbit Imaging ( EMITF), down 6.2%, Doral Financial ( DRL), down 5.0% and Preferred Apartment Communities ( APTS), down 4.4% , were all gainers within the real estate industry with Starwood Property ( STWD) being today's featured real estate industry leader.

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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