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Realty Income: 52-Week High Recently Eclipsed (O)

By David Diaz

Shares of Realty Income (NYSE:O) traded today at $81.98, breaking its 52-week high. So far today approximately 65,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

Realty Income Corporation owns and manages a portfolio of commercial properties located across the United States. The Company focuses on acquiring single-tenant retail locations, leased to regional and national chains, and under long-term net lease agreements.

Based on a current price of $81.90, Realty Income is currently 31.7% above its average consensus analyst price target of $55.96. The stock should find initial support at its 50-day moving average (MA) of $76.62 and further support at its 200-day MA of $71.75.

In the past 52 weeks, shares of Realty Income have traded between a low of $59.37 and a high of $81.98 and are now at $81.90, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Realty Income and will alert subscribers who have O in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows realty income

Ticker(s): O