Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust announced it had closed on a previously announced acquisition of a 128-room Home2Suites by Hilton in Atlanta. The purchase price was $24.6 million.
The used car retailer reported its quarterly earnings for the three months ended May 31. Revenues totaled $4.12 billion, up from $4.01 billion the same quarter last year. Profits totaled $175.3 million, down from $181.9 million the same quarter last year.
Executive vice president and general counsel Eric Margolin sold 4,000 shares of common stock at values ranging from $50.75 to $52.95 per share for a total of $207,400.
Senior vice president Jon Daniels exercised stock options for 10,000 shares at $51 per share.
Cordia Bancorp (BOVA)
The parent company of Bank of Virginia filed a proxy related to its pending deal to be acquired by First-Citizens Bank & Trust from North Carolina. The company has set a shareholders meeting to vote on the deal for Aug. 11 at noon at the Hampton Inn, 3620 Price Club Blvd. in Midlothian. A full copy of the proxy can be read here.
Dynex Capital (DX)
Director Thomas Akin sold 108,378 shares of common stock at values ranging from $6.59 to $6.67 for a total of $719,061. The sales were related to a trading plan Akin adopted June 6.
Union Bankshares (UBSH)
The parent of Union Bank & Trust said it will release its second quarter earnings before the stock market opens on July 22.
Universal Corp. (UVV)
Subsidiary officer James Huffman exercised stock options for 2,212 shares at $58.15 per share, with 431 of those shares used to pay tax liabilities.
Packaging Solutions president Robert Beckler was awarded 14,011 shares of common stock. He sold 8,516 shares at $37.04 per share to pay tax liabilities.
Xenith Bankshares (XBKS)
The parent of Xenith Bank said it received approval from the Federal Reserve for its pending deal to be acquired by Hampton Roads Bankshares. It was the final regulatory approval needed for the deal, following a prior approval by the state. Xenith said it expects to close the deal on July 29, following a shareholder vote from both companies on July 28.