The REIT closed on the purchase of a newly constructed hotel in Jacksonville, N.C., for $12 million. The hotel is a 105-room Home2 Suites by Hilton.
Director Betty Alewine exercised options for 4,624 shares at $12.82 each or a total of $59,000. She then sold 2,358 shares at $25.67 or $60,000.
The company’s annual shareholders meeting will be June 25 at 1 p.m. at the Richmond Marriott West Hotel in Glen Allen.
Central Virginia Bankshares
Central Virginia Bankshares released its first-quarter earnings, reporting a profit of $130,000, up from $96,000 a year ago. Its total assets at the end of the quarter were $391.22 million, down from $404.39 million. It had $329.89 million in total deposits, down from $341 million. Its total loans also shrunk to $212.69 million from $250 million. Total non-performing assets at the end of the first quarter were $38.4 million, down from $40.9 million. The bank said its reserve for loan losses was down to $8.7 million compared with $10.2 million a year ago.
Acting chief executive Martin Klein received 7,500 shares at no cost. The shares were units of restricted stock that converted into common stock. He then disposed of 2,416 shares for $6.27 each. Klein stepped in as chief executive last week upon the sudden resignation of longtime CEO Michael Fraizer.
Director James Parke purchased 25,000 shares for $5.54 each or $138,500. He now owns 275,000 shares of Genworth stock.
Thomas Moloney, a director, bought 1,000 shares for $5.69 each. He owns 3,000 shares.
MWV completed the spinoff of its consumer and office products business to ACCO Brands Corp. MWV received $433 million in proceeds from the sale. MWV shareholders received 0.32986547 shares of ACCO Brands common stock for each share of MeadWestvaco common stock they owned.
Robert Feeser, a senior vice president, exercised options for 11,283 shares for $27.81 each or $313,000. He then sold those shares for $28.90 each or $326,000.
Senior Vice President Mark Watkins exercised options for 18,971 shares for $27.81 or $527,000. He then sold the shares for $29.06 each or $551,000.
Owens & Minor
Marshall Acuff, a director, exercised options for 7,500 shares at $19.72 each or $147,000.
Union First Market Bankshares
Director Douglas Caton bought 1,394 shares at $14.22 per share.
Brian Jones, a director, bought 2,399 at $4.07 each. Jones owns more than 11,000 shares of Xenith stock.