5 Real Estate Stocks Nudging The Industry Higher

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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 165 points (1.1%) at 15,235 as of Monday, June 17, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Real Estate industry currently sits up 0.2% versus the S&P 500, which is up 1.0%. Top gainers within the industry include Brookfield Residential Properties ( BRP), up 2.8%, CoStar Group ( CSGP), up 2.5%, Howard Hughes ( HHC), up 2.1%, Icahn ( IEP), up 1.5% and Public Storage ( PSA), up 0.8%. A company within the industry that fell today was Realty Income Corporation ( O), up 1.04.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Extra Space Storage ( EXR) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Extra Space Storage is up $0.75 (1.77) to $43.06 on average volume Thus far, 381,525 shares of Extra Space Storage exchanged hands as compared to its average daily volume of 670,700 shares. The stock has ranged in price between $42.89-$43.56 after having opened the day at $43.08 as compared to the previous trading day's close of $42.31.

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 $4.7 billion and is part of the financial sector. The company has a P/E ratio of 34.7, above the S&P 500 P/E ratio of 17.7. Shares are up 16.3% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Extra Space Storage a buy, 3 analysts rate it a sell, and 3 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Extra Space Storage Ratings Report now.

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