Altria (MO)
The tobacco giant reported net revenues of $5.6 billion in its earnings report for the first quarter of 2024, a 2.5% decrease compared to the same period in 2023.
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust recently announced the $79.5 million acquisition of a Embassy Suites by Hilton with 262 rooms in Wisconsin, as well as the sale of an 82-room SpringHill Suites by Marriott in North Carolina for $7.1 million. See here for the full announcement.
The company recently unveiled a new investor presentation, which can be found here.
Brink’s (BCO)
Brink’s recently announced it has closed on a private offering of $400 million aggregate principal amount of senior unsecured notes due in 2029, as well as $400 million aggregate principal amount of senior unsecured notes that are due 2032, according to a press release.
The company said the offering’s net proceeds will be used to redeem or repurchase $400 million aggregate principal amount of its outstanding 5.500% senior notes due in 2025. Proceeds are also earmarked to repay part of outstanding borrowings under a $1 billion revolving credit facility, per the release.
CarMax (KMX)
The used car retailer filed its first quarter earnings report for its fiscal year 2025, which ended May 31. The company reported a gross profit of $791.9 million, a 3.1% decrease compared to the same period the previous year.
Senior Vice President Jon Daniels sold 1,231 shares of stock at about $72.50 per share for a total of about $89,250. Daniels directly owns 995 shares of common stock.
Dynex Capital (DX)
The mortgage REIT announced that Marie Chandoha has been appointed to the company’s board of directors as an independent director effective June 1.
Chandoha has nearly 40 years of experience in asset management, including almost a decade as CEO of Charles Schwab Investment Management, and her appointment brings Dynex’s board to a total of seven directors (five independent), according to a company news release. Full announcement here.
Medalist Diversified REIT (MDRR)
The Board of Directors last week approved a quarterly dividend of 5 cents per common stock share. The board also OK’d a 50-cent per share quarterly dividend on the company’s 8.0% Series A Cumulative Redeemable Preferred Stock. Both will be payable in cash on July 26 to holders of record as of July 23.
- Lee Finley was appointed as a Class II director to the Board of Directors effective June 25. Timothy O’Brien and Charles Pearson both resigned from the board effective June 26. The board reduced its size to five directors and made CEO Frank Kavanaugh the board’s chairman.
CEO and President Frank Kavanaugh bought 17,340 shares at about $5.90 per share in two transactions for a total of about $102,115. Kavanaugh directly owns 357,340 shares of common stock.
Owens & Minor (OMI)
The healthcare logistics company announced the appointment of Jonathan Leon as interim CFO in response to the exit of Alexander Bruni as CFO and executive vice president. Leon assumed his role effective June 21, the same day Bruni stepped down from the CFO post he held since October 2022 at the company’s request. Full announcement here.
CEO Perry Bernocchi sold 20,015 shares at about $17.50 per share in four transactions for a total of about $350,000. Bernocchi directly owns 129,520 shares of common stock.
CIO Snehashish Sarkar sold 9,980 shares at about $17.30 per share for a total of $172,700. Sarkar directly owns 59,137 shares of common stock.
Performance Food Group (PFGC)
The Goochland-based foods distributor announced the appointment of Danielle Brown to the Board of Directors effective June 28. Brown, 53, has been CIO and senior vice president at Whirlpool Corp. since November 2020. Full announcement here.
Universal Corp. (UVV)
The tobacco company filed its year-end earnings report. For the fiscal year that ended March 31, 2024, the company reported $119.6 million in net income, a decrease compared to a net income of $124.1 million for the fiscal year that ended March 31, 2023. Click here to see the full report.
Altria (MO)
The tobacco giant reported net revenues of $5.6 billion in its earnings report for the first quarter of 2024, a 2.5% decrease compared to the same period in 2023.
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust recently announced the $79.5 million acquisition of a Embassy Suites by Hilton with 262 rooms in Wisconsin, as well as the sale of an 82-room SpringHill Suites by Marriott in North Carolina for $7.1 million. See here for the full announcement.
The company recently unveiled a new investor presentation, which can be found here.
Brink’s (BCO)
Brink’s recently announced it has closed on a private offering of $400 million aggregate principal amount of senior unsecured notes due in 2029, as well as $400 million aggregate principal amount of senior unsecured notes that are due 2032, according to a press release.
The company said the offering’s net proceeds will be used to redeem or repurchase $400 million aggregate principal amount of its outstanding 5.500% senior notes due in 2025. Proceeds are also earmarked to repay part of outstanding borrowings under a $1 billion revolving credit facility, per the release.
CarMax (KMX)
The used car retailer filed its first quarter earnings report for its fiscal year 2025, which ended May 31. The company reported a gross profit of $791.9 million, a 3.1% decrease compared to the same period the previous year.
Senior Vice President Jon Daniels sold 1,231 shares of stock at about $72.50 per share for a total of about $89,250. Daniels directly owns 995 shares of common stock.
Dynex Capital (DX)
The mortgage REIT announced that Marie Chandoha has been appointed to the company’s board of directors as an independent director effective June 1.
Chandoha has nearly 40 years of experience in asset management, including almost a decade as CEO of Charles Schwab Investment Management, and her appointment brings Dynex’s board to a total of seven directors (five independent), according to a company news release. Full announcement here.
Medalist Diversified REIT (MDRR)
The Board of Directors last week approved a quarterly dividend of 5 cents per common stock share. The board also OK’d a 50-cent per share quarterly dividend on the company’s 8.0% Series A Cumulative Redeemable Preferred Stock. Both will be payable in cash on July 26 to holders of record as of July 23.
- Lee Finley was appointed as a Class II director to the Board of Directors effective June 25. Timothy O’Brien and Charles Pearson both resigned from the board effective June 26. The board reduced its size to five directors and made CEO Frank Kavanaugh the board’s chairman.
CEO and President Frank Kavanaugh bought 17,340 shares at about $5.90 per share in two transactions for a total of about $102,115. Kavanaugh directly owns 357,340 shares of common stock.
Owens & Minor (OMI)
The healthcare logistics company announced the appointment of Jonathan Leon as interim CFO in response to the exit of Alexander Bruni as CFO and executive vice president. Leon assumed his role effective June 21, the same day Bruni stepped down from the CFO post he held since October 2022 at the company’s request. Full announcement here.
CEO Perry Bernocchi sold 20,015 shares at about $17.50 per share in four transactions for a total of about $350,000. Bernocchi directly owns 129,520 shares of common stock.
CIO Snehashish Sarkar sold 9,980 shares at about $17.30 per share for a total of $172,700. Sarkar directly owns 59,137 shares of common stock.
Performance Food Group (PFGC)
The Goochland-based foods distributor announced the appointment of Danielle Brown to the Board of Directors effective June 28. Brown, 53, has been CIO and senior vice president at Whirlpool Corp. since November 2020. Full announcement here.
Universal Corp. (UVV)
The tobacco company filed its year-end earnings report. For the fiscal year that ended March 31, 2024, the company reported $119.6 million in net income, a decrease compared to a net income of $124.1 million for the fiscal year that ended March 31, 2023. Click here to see the full report.