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 $55.10, above its previous 52-week high of $55.09 with 293,305 shares traded as of 12:06 p.m. ET. Average volume has been 1.8 million shares over the past 30 days. Realty Income has a market cap of $10.81 billion and is part of the financial sector and real estate industry. Shares are up 36.1% year to date as of the close of trading on Monday. Realty Income Corporation is a publicly traded real estate investment trust. It invests in the real estate markets of the United States. The firm makes investments in commercial real estate. Realty Income Corporation was founded in 1969 and is based in Escondido, California. The company has a P/E ratio of 68, above the S&P 500 P/E ratio of 17.7.
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