Realty Income Stock Hits New 52-Week High (O)

NEW YORK (TheStreet) -- Realty Income Corporation (NYSE:O) hit a new 52-week high Tuesday as it is currently trading at $40.71, above its previous 52-week high of $40.68 with 240,225 shares traded as of 12:05 p.m. ET. Average volume has been 679,100 shares over the past 30 days.

Realty Income has a market cap of $5.35 billion and is part of the financial sector and real estate industry. Shares are up 15% year to date as of the close of trading on Monday.

Realty Income Corporation engages in the acquisition and ownership of commercial retail real estate properties in the United States. The company leases its retail properties primarily to regional and national retail chain store operators. The company has a P/E ratio of 40.5, below the average real estate industry P/E ratio of 42.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Realty Income as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Realty Income Ratings Report.

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