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NEW YORK ( TheStreet) -- Realty Income Corporation (NYSE: O) hit a new 52-week high Friday as it is currently trading at $38.98, above its previous 52-week high of $38.95 with 48,374 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 financial sector and real estate industry. Shares are up 10.7% 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 37.1, above the average real estate industry P/E ratio of 36.3 and above the S&P 500 P/E ratio of 17.7.