Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Realty Income Corporation (NYSE: O) hit a new 52-week high Wednesday as it is currently trading at $46.67, above its previous 52-week high of $46.65 with 172,831 shares traded as of 10:06 a.m. ET. Average volume has been two million shares over the past 30 days. Realty Income has a market cap of $8.3 billion and is part of the financial sector and real estate industry. Shares are up 15.5% 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 54, above the S&P 500 P/E ratio of 17.7.
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