City Holding(CHCO)
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How Nashville transformed from Music City into a booming business hub
CNBC· 2025-05-23 12:00
Economic Growth and Job Creation - Nashville has transformed into a major U.S. metro with rapid population growth and job opportunities in key industries like healthcare and tech [1] - The number of tech jobs in the Nashville area grew by 17% between 2017 and 2022 [2] - More than 600,000 jobs have been created in Nashville since 1990, with per-capita income growing by over 234% [2] Real Estate Development - Both commercial and residential real estate have experienced significant growth, although affordable housing remains a challenge [3] - Nashville ranked among cities with the biggest increase in home prices between 2014 and 2024 [3] Corporate Investment - Major tech companies like Amazon and Oracle have made substantial investments in Nashville, with Oracle developing a $1.4 billion campus and Amazon leasing over 1 million square feet of office space [1] - The business-friendly policies of Tennessee and Nashville have attracted many corporate giants to the area [2]
City View Announces Spin-Out of Cannibis Assets to Existing Shareholders
Newsfile· 2025-05-15 10:30
Toronto, Ontario--(Newsfile Corp. - May 15, 2025) - City View Green Holdings Inc. (CSE: CVGR) (OTC Pink: CVGRF) (FSE: CVY) (the "Company" or "City View") is pleased to announce the execution of a definitive arrangement agreement (the "Arrangement Agreement") with City View's subsidiary, 2590672 Ontario Inc. ("259 OnCo") in respect of the spin-out of its cannabis assets (the "Assets"), to its shareholders by way of a share capital reorganization effected through a statutory plan of arrangement (the "Arrange ...
Why City Holding (CHCO) is a Top Dividend Stock for Your Portfolio
ZACKS· 2025-05-14 16:50
Company Overview - City Holding Company (CHCO) is headquartered in Charleston and operates as a bank holding company for City National Bank of West Virginia [3] - The stock has experienced a price change of 2.64% year-to-date [3] Dividend Information - City Holding currently pays a dividend of $0.79 per share, resulting in a dividend yield of 2.6%, which is higher than the Banks - Southeast industry's yield of 2.35% and the S&P 500's yield of 1.54% [3] - The annualized dividend of $3.16 represents a 7.7% increase from the previous year, with an average annual increase of 7.35% over the past five years [4] - The current payout ratio is 40%, indicating that the company pays out 40% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for earnings per share in 2025 is $8.02, reflecting a year-over-year earnings growth rate of 1.65% [5] Investment Perspective - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [6] - High-growth firms typically do not offer dividends, while established companies with secure profits are seen as better dividend options [7] - City Holding is considered an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]
Prospect Capital Honored for 2025 Middle-Market Deals of the Year Awards for Druid City Independent Sponsor Investment in Healthcare Industry
GlobeNewswire News Room· 2025-05-09 13:17
NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect has received an Honorable Mention in Mergers & Acquisitions’ 2025 Middle-Market Deals of the Year Awards for Prospect's role in providing value-added capital to Druid City Infusion ("Druid City"). The recognition highlights Prospect’s role as a significant capital provider and lender in the transaction, whic ...
Canadian Pacific Kansas City Q1 Earnings Match Estimates, Up Y/Y
ZACKS· 2025-05-07 19:35
Core Points - Canadian Pacific Kansas City Limited (CP) reported first-quarter 2025 earnings of 74 cents per share, in line with Zacks Consensus Estimate, reflecting a 7.3% year-over-year improvement [1] - Operating revenues were $2.64 billion, slightly missing the Zacks Consensus Estimate of $2.66 billion, but showed year-over-year growth [1] - Total freight revenues per revenue ton miles increased by 5% year-over-year, while total freight revenues per carload rose by 6% year-over-year [2] Financial Performance - Operating income increased by 15%, with total operating expenses growing by 5% year-over-year, resulting in an operating ratio improvement of 210 basis points to 65.3% from 67.4% [2] - Freight revenues, which accounted for 98.2% of total revenues, increased by 8.7% to $3.72 billion, surpassing the estimate of $3.5 billion [3] - Cash and cash equivalents at the end of the first quarter were C$695 million, down from C$739 million in the previous quarter, while long-term debt rose to C$21.1 billion from C$19.8 billion [5] Segment Performance - The Freight segment saw varied performance: Grain up 4%, Coal up 21%, Potash up 10%, Energy, chemicals and plastics up 3%, Automotive up 18%, while Metals, minerals and consumer products decreased by 1% [4] - Other revenues increased by 7.6% year-over-year in the first quarter of 2025 [4] Outlook - The company expects 2025 core adjusted combined diluted earnings per share to grow in the 10-14% range, revised from a prior view of 12-18%, targeting C$4.25 per share [6] - Capital expenditures for the full year are projected to be C$2.9 billion, with an expected core adjusted effective tax rate of 24.5% [7]
City Holding(CHCO) - 2025 Q1 - Quarterly Report
2025-05-07 14:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to _____________ Commission file number 0-11733 CITY HOLDING COMPANY (Exact name of registrant as specified in its charter) (State or other jurisd ...
Century Communities Makes Bay City, TX Debut With Grand Openings at Two Communities
Prnewswire· 2025-05-06 17:17
Core Insights - Century Communities, Inc. has announced the grand openings of two new home communities, Russell Ranch and Valor Park, in Bay City, TX, marking its entry into this market [1][2] - The company is recognized as a top national homebuilder and an industry leader in online home sales, having been featured on Newsweek's lists of America's and the World's Most Trustworthy Companies [1][8] Company Overview - Century Communities operates in 17 states and over 45 markets across the U.S., focusing on building high-quality homes at affordable prices [8] - The company offers a range of services including title, insurance, and lending through its subsidiaries [8] New Developments - Russell Ranch offers single-family homes starting from the high $200s, while Valor Park starts from the mid $200s [2][3] - Both communities feature versatile floor plans, with Russell Ranch providing 8 floor plans ranging from 1,446 to 2,472 square feet, and Valor Park offering 5 floor plans from 1,675 to 2,447 square feet [5][6] Home Features - Homes in both communities include high-quality features such as the Century Home Connect® smart home package, quartz and granite countertops, and kitchen islands [2] - Model homes are available for tours, showcasing the design and layout options for potential buyers [5][6] Online Homebuying Experience - Century Communities promotes an industry-first online homebuying experience, allowing customers to shop for homes and complete purchases electronically [3][7][10]
City Office REIT Reports First Quarter 2025 Results
Prnewswire· 2025-05-02 10:00
Core Insights - City Office REIT, Inc. reported its first quarter results for 2025, indicating a positive trend in leasing activity and office real estate fundamentals in Sun Belt markets [3][4] - The company achieved a Same Store Cash NOI increase of 4.4% year-over-year and an 8.5% cash re-leasing spread over the last twelve months [3][4] - A significant redevelopment project is planned for the City Center property in St. Petersburg, Florida, which includes a 49-story mixed-use tower [3][10] Financial Performance - Total rental and other revenues for the quarter were $42.3 million, with a GAAP net loss attributable to common stockholders of approximately $3.5 million, or ($0.09) per fully diluted share [9][34] - Core FFO was approximately $12.3 million, or $0.30 per fully diluted share, while AFFO was approximately $6.5 million, or $0.16 per fully diluted share [9][36] - The company declared a first quarter dividend of $0.10 per share of common stock and $0.4140625 per share of Series A Preferred Stock, both paid on April 24, 2025 [12][13] Portfolio Operations - As of March 31, 2025, the total portfolio comprised 5.4 million net rentable square feet, with an occupancy rate of 84.9%, or 87.6% including signed leases not yet occupied [4][9] - The company executed approximately 144,000 square feet of new and renewal leases during the quarter, with new leases averaging a term of 5.9 years at an effective annual rent of $29.97 per square foot [5][6] Capital Structure - The company had total principal outstanding debt of approximately $648.1 million, with 82.3% of the debt being fixed rate or effectively fixed due to interest rate swaps [7] - The weighted average maturity of the debt was approximately 1.6 years, with a weighted average interest rate of 5.1% [7] Future Outlook - The company is reiterating its full-year 2025 guidance based on current plans and assumptions, reflecting management's view of market conditions [14]
PRIME FiBER Expands Wholesale Fiber Partnership with AT&T to Arizona
Prnewswire· 2025-05-01 22:55
Core Insights - PRIME FiBER has signed agreements with AT&T to provide wholesale fiber access services in the Sun City area of Maricopa County and the City of Peoria, Arizona [1][2] - The company, established in late 2023, operates as the wholesale open-access arm of NOVOS FiBER, which focuses on retail fiber-to-the-home services [2][4] - The partnership with AT&T is part of a broader strategy to expand fiber infrastructure, following a similar agreement in Florida [2][3] Company Overview - PRIME FiBER is an open-access fiber-to-the-home (FTTH) infrastructure provider serving ISPs, infrastructure consolidators, and enterprises across the US [4] - The company is backed by InLight Capital, a private investment firm based in Sugar Land, Texas [2][4][6] Strategic Expansion - Andrew Snead, CEO of PRIME FiBER, expressed enthusiasm about the expansion into new markets, highlighting the ongoing progress in Florida and the addition of Arizona locations as a significant milestone [3] - Erin Scarborough, Senior Vice President of Consumer Product at AT&T, emphasized the commitment to expanding fiber footprint and enhancing converged services through partnerships like that with PRIME FiBER [3]
Kansas City Life Announces First Quarter 2025 Results
Prnewswire· 2025-05-01 19:37
Core Insights - Kansas City Life Insurance Company reported a net income of $1.9 million or $0.19 per share for Q1 2025, an increase from $1.6 million or $0.16 per share in Q1 2024 [1][4] Financial Performance - The company experienced a $4.2 million or 6% decrease in policyholder benefits, net of reinsurance, in Q1 2025 compared to Q1 2024 [2] - Operating expenses declined by $0.9 million or 3% in Q1 2025 compared to the same period in 2024 [2] - An income tax benefit of $4.2 million was recorded in Q1 2025, contrasting with an income tax expense of $0.4 million in Q1 2024, attributed to a one-time tax benefit [2] - Insurance revenues decreased by $3.1 million or 4%, while total investment revenues fell by $5.3 million or 13%, primarily due to changes in the fair value of certain investments [2] Company Overview - Kansas City Life Insurance Company, established in 1895, is based in Kansas City, Missouri, and provides financial protection through life insurance and annuities [3] - The company operates in 49 states and the District of Columbia [3]