Hotel Property Investments (ASX:HPI – Get Free Report) insider Lachlan Edwards sold 500,000 shares of Hotel Property Investments stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of A$3.75 ($2.30), for a total transaction of A$1,876,000.00 ($1,150,920.25).
Hotel Property Investments Stock Performance
The company has a quick ratio of 0.06, a current ratio of 2.33 and a debt-to-equity ratio of 60.73.
Hotel Property Investments Cuts Dividend
The business also recently disclosed a Interim dividend, which will be paid on Thursday, February 6th. Stockholders of record on Tuesday, February 6th will be paid a $0.033 dividend. This represents a dividend yield of 0.87%. The ex-dividend date of this dividend is Sunday, December 29th. Hotel Property Investments’s dividend payout ratio (DPR) is presently 105.56%.
Hotel Property Investments Company Profile
HPI owns a Portfolio of freehold hotels and associated specialty tenancies located throughout Queensland and South Australia. The pubs are leased to the Queensland Venue Company (QVC), a joint venture between Coles group and Australian Venue Company, and to Australian Leisure & Hospitality ("ALH"), a joint venture 75% owned by the Woolworths group.
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