NEW YORK (

TheStreet

) --

Realty Income Corporation

(NYSE:

O

) hit a new 52-week high Thursday as it is currently trading at $36.45, above its previous 52-week high of $36.35 with 79,965 shares traded as of 10:04 a.m. ET. Average volume has been 837,900 shares over the past 30 days.

Realty Income has a market cap of $4.78 billion and is part of the

financial

sector and

real estate

industry. Shares are up 3.8% year to date as of the close of trading on Wednesday.

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 35.9, below the average real estate industry P/E ratio of 36.3 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, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Realty Income Ratings Report

.

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