Realty Income Reaches New 52-Week High (O)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Friday as it is currently trading at $37.15, above its previous 52-week high of $37.06 with 64,661 shares traded as of 10:10 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
sector and
industry. Shares are up 5.8% year to date as of the close of trading on Thursday.
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 36.8, above 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
. 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, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
.
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