Hotel Property Investments (ASX:HPI – Get Free Report) insider Lachlan Edwards sold 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of A$3.75 ($2.35), for a total value of A$1,876,000.00 ($1,172,500.00).
Hotel Property Investments Price Performance
The company has a debt-to-equity ratio of 60.73, a current ratio of 2.33 and a quick ratio of 0.06.
Hotel Property Investments Cuts Dividend
The company also recently declared a Interim dividend, which will be paid on Thursday, February 6th. Investors of record on Tuesday, February 6th will be paid a dividend of $0.033 per share. The ex-dividend date is Sunday, December 29th. This represents a dividend yield of 0.87%. Hotel Property Investments’s dividend payout ratio is presently 105.56%.
About Hotel Property Investments
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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