Extra Space Storage Inc. (EXR): Today's Featured Real Estate Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Extra Space Storage ( EXR) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day up 0.5%. By the end of trading, Extra Space Storage rose $0.68 (1.6%) to $44.65 on average volume. Throughout the day, 1,237,960 shares of Extra Space Storage exchanged hands as compared to its average daily volume of 931,100 shares. The stock ranged in a price between $44.35-$44.81 after having opened the day at $44.66 as compared to the previous trading day's close of $43.97. Other companies within the Real Estate industry that increased today were: Blackstone Mortgage ( BXMT), up 10.4%, Altis Resident ( RESI), up 8.3%, BRT Realty ( BRT), up 7.3% and Transcontinental Realty Investors ( TCI), up 7.1%.

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 $4.8 billion and is part of the financial sector. The company has a P/E ratio of 36.7, above the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Extra Space Storage a buy, no analysts rate it a sell, and 4 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 revenue growth, good cash flow from operations, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Gaming and Leisure Properties ( GLPI), down 18.8%, American Spectrum Realty ( AQQ), down 12.1%, Elbit Imaging ( EMITF), down 6.1% and Gyrodyne Company of America ( GYRO), down 2.1% , were all laggards within the real estate industry with E-House China Holdings ( EJ) being today's real estate industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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