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NEW YORK ( TheStreet) -- Realty Income Corporation (NYSE: O) hit a new 52-week high Wednesday as it is currently trading at $39.33, above its previous 52-week high of $39.10 with 18,412 shares traded as of 9:35 a.m. ET. Average volume has been 638,100 shares over the past 30 days. Realty Income has a market cap of $5.14 billion and is part of the financial sector and real estate industry. Shares are up 11.6% 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 36.7, below the average real estate industry P/E ratio of 38.1 and above the S&P 500 P/E ratio of 17.7.