Realty Income Corp
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap Blend
Company profile

Realty Income Corporation is a real estate investment trust (REIT). The Company is focused on acquiring and managing freestanding commercial properties under a long-term net lease agreement. The Company owns and operates diversified portfolio of over 11,000 commercial properties. The Company's properties are leased to clients, operating across 60 industries, and located in 50 United States (U.S) states, Puerto Rico, the United Kingdom and Spain. The majority of its properties are leased to retail clients that have a service, non-discretionary, and/or low price point component to their business. The Company’s property types include Retail, Industrial, and Agriculture.

Closing Price
$69.49
Day's Change
1.73 (2.55%)
Bid
--
Ask
--
B/A Size
--
Day's High
69.50
Day's Low
66.93
Volume
(Average)
Volume:
3,531,780

10-day average volume:
3,880,845
3,531,780

STONECO SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against StoneCo Ltd. - STNE

7:29 pm ET November 24, 2021 (PR Newswire) Print

Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 18, 2022 to file lead plaintiff applications in a securities class action lawsuit against StoneCo Ltd. (NasdaqGS: STNE), if they purchased the Company's securities between March 11, 2021 and November 16, 2021, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

https://mma.prnewswire.com/media/1460233/New_logo_pr_sec_Logo.jpg

What You May Do

If you purchased securities of StoneCo and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-stne/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 18, 2022.

About the Lawsuit

StoneCo and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On August 30, 2021, post-market closed, the Company disclosed that it had "implemented some prudent actions, like temporarily stopping the disbursement of credit and increasing coverage for potential future losses, which impacted [StoneCo's] reported results for the quarter." Then, on November 16, 2021, the Company disclosed that it would "start retesting our original [credit] product, which is short-term loans, between the fourth quarter of '21 and the first quarter of '22," but did not provide specific guidance regarding when credit volumes would return to levels before StoneCo had halted origination of credit.

On this news, shares of StoneCo's fell $10.96, or 34%, to close at $20.70 per share on November 17, 2021.

The case is Ray v. StoneCo Ltd., et al., 21-cv-9620.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients - including public institutional investors, hedge funds, money managers and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLCLewis Kahn, Managing Partnerlewis.kahn@ksfcounsel.com1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163

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View original content to download multimedia:https://www.prnewswire.com/news-releases/stoneco-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick--foti-llc-reminds-investors-with-losses-in-excess-of-100-000-of-lead-plaintiff-deadline-in-class-action-lawsuit-against-stoneco-ltd---stne-301431895.html

SOURCE Kahn Swick & Foti, LLC

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COMTEX_397645749/1005/2021-11-24T19:29:10

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