Realty Income Stock Hits New 52-Week High (O)

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 Tuesday as it is currently trading at $53.50, above its previous 52-week high of $53.36 with 174,038 shares traded as of 10:16 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Realty Income has a market cap of $10.25 billion and is part of the financial sector and real estate industry. Shares are up 32.6% year to date as of the close of trading on Monday.

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 64.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Realty Income as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Realty Income Ratings Report.

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