Realty Income Reaches New 52-Week High (O)

NEW YORK ( TheStreet) -- Realty Income Corporation (NYSE: O) hit a new 52-week high Wednesday as it is currently trading at $38.24, above its previous 52-week high of $38.22 with 75,633 shares traded as of 10:45 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 8.9% year to date as of the close of trading on Tuesday.

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 36.3, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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, growth in earnings per share and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Realty Income Ratings Report.

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