Apple Hospitality REIT (APLE)
The hotel-focused REIT announced the completion of the purchase of two hotels. It bought the AC Hotel by Marriott Louisville Downtown for $51 million and the AC Hotel by Marriott Pittsburgh Downtown for $34 million. The Louisville, Kentucky hotel is 156 rooms, making the $51 million deal work out to about $327,000 per key. It first opened in April 2018. The Pittsburgh, Pennsylvania hotel has 134 rooms, and that acquisition breaks down to about $254,000 a key. It opened in July 2018. With those acquisitions, Apple Hospitality’s portfolio consists of 220 hotels in 37 states.
The company also announced a $0.01 increase to it regular monthly cash distribution to $0.08 per common share, beginning with the November distribution.
ARKO (ARKO)
The convenience store owner has agreed to acquire Pride Convenience Holdings, which operates 31 convenience stores in Massachusetts, marking ARKO’s first move into that state. The purchase price is estimate at $230 million plus the value of inventory. Click here more detail.
Atlantic Union Bankshares (AUB)
The bank posted its third quarter earnings, reporting net income of $55 million, down from $71 million in the same period a year ago. Click here for the full report.
Brink’s (BCO)
The armored car giant filed its quarterly earnings report for the third quarter, which ended Sept. 30. The company reported a net income of $19 million, a 1 percent increase compared to the net income of the same period last year.
Medalist Diversified REIT (MDRR)
Alfred Lee Finley, a 10 percent owner, bought 50,000 shares at 82 cents per share for a total of $41,000. Finley directly owns 2.5 million shares of common stock.
NewMarket (NEU)
The petroleum-focused holding company announced it filed its earnings report for its third quarter. The company reported a net income of $63.2 million for the period.
Owens & Minor (OMI)
Director Robert Henkel bought 1,000 shares for about $16 per share for a total of $16,000. Henkel directly owns 28,000 shares of common stock.
Performance Food Group (PFGC)
The Goochland-based foods distributor released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Chairman and CEO George Holm received a total pay package of $8.7 million. He received a base salary of $1.1 million, $5 million in stock awards and $2.6 million in other incentives.
Click here and see page 65 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, to be held Nov. 16.
Apple Hospitality REIT (APLE)
The hotel-focused REIT announced the completion of the purchase of two hotels. It bought the AC Hotel by Marriott Louisville Downtown for $51 million and the AC Hotel by Marriott Pittsburgh Downtown for $34 million. The Louisville, Kentucky hotel is 156 rooms, making the $51 million deal work out to about $327,000 per key. It first opened in April 2018. The Pittsburgh, Pennsylvania hotel has 134 rooms, and that acquisition breaks down to about $254,000 a key. It opened in July 2018. With those acquisitions, Apple Hospitality’s portfolio consists of 220 hotels in 37 states.
The company also announced a $0.01 increase to it regular monthly cash distribution to $0.08 per common share, beginning with the November distribution.
ARKO (ARKO)
The convenience store owner has agreed to acquire Pride Convenience Holdings, which operates 31 convenience stores in Massachusetts, marking ARKO’s first move into that state. The purchase price is estimate at $230 million plus the value of inventory. Click here more detail.
Atlantic Union Bankshares (AUB)
The bank posted its third quarter earnings, reporting net income of $55 million, down from $71 million in the same period a year ago. Click here for the full report.
Brink’s (BCO)
The armored car giant filed its quarterly earnings report for the third quarter, which ended Sept. 30. The company reported a net income of $19 million, a 1 percent increase compared to the net income of the same period last year.
Medalist Diversified REIT (MDRR)
Alfred Lee Finley, a 10 percent owner, bought 50,000 shares at 82 cents per share for a total of $41,000. Finley directly owns 2.5 million shares of common stock.
NewMarket (NEU)
The petroleum-focused holding company announced it filed its earnings report for its third quarter. The company reported a net income of $63.2 million for the period.
Owens & Minor (OMI)
Director Robert Henkel bought 1,000 shares for about $16 per share for a total of $16,000. Henkel directly owns 28,000 shares of common stock.
Performance Food Group (PFGC)
The Goochland-based foods distributor released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Chairman and CEO George Holm received a total pay package of $8.7 million. He received a base salary of $1.1 million, $5 million in stock awards and $2.6 million in other incentives.
Click here and see page 65 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, to be held Nov. 16.