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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 Monday as it is currently trading at $44.68, above its previous 52-week high of $44.64 with 18,059 shares traded as of 10:09 a.m. ET. Average volume has been 770,400 shares over the past 30 days. Extra Space has a market cap of $4.89 billion and is part of the financial sector and real estate industry. Shares are up 22.2% year to date as of the close of trading on Friday. 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 36.4, above the S&P 500 P/E ratio of 17.7.