Hotel Property Investments (ASX:HPI) Shares Cross Below 50-Day Moving Average of $3.47

Hotel Property Investments Ltd (ASX:HPI)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.47 and traded as low as $3.38. Hotel Property Investments shares last traded at $3.45, with a volume of 56,264 shares.

The company has a debt-to-equity ratio of 63.93, a current ratio of 0.24 and a quick ratio of 0.11. The stock has a market cap of $504.06 million and a price-to-earnings ratio of 9.66. The stock has a fifty day moving average of A$3.47 and a 200 day moving average of A$3.37.

The company also recently announced a Final dividend, which will be paid on Friday, September 6th. Investors of record on Friday, September 6th will be issued a dividend of $0.101 per share. This represents a dividend yield of 2.97%. The ex-dividend date is Thursday, June 27th. Hotel Property Investments’s dividend payout ratio (DPR) is 56.02%.

About Hotel Property Investments (ASX:HPI)

HPI owns a Portfolio of freehold pubs and associated specialty tenancies located throughout Queensland and South Australia. The pubs are leased to the Coles group ("Coles") and to Australian Leisure & Hospitality ("ALH"), a joint venture 75% owned by the Woolworths group. HPI's objective is to maximise the long term income and capital returns from its investments for the benefit of its Securityholders.

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