Hotel Property Investments (ASX:HPI – Get Free Report) insider John White sold 29,400 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of A$3.75 ($2.36), for a total transaction of A$110,308.80 ($69,376.60).
Hotel Property Investments Stock Performance
The company has a current ratio of 2.33, a quick ratio of 0.06 and a debt-to-equity ratio of 60.73.
Hotel Property Investments Cuts Dividend
The company also recently disclosed a Interim dividend, which was paid on Thursday, February 6th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.033 per share. The ex-dividend date was Sunday, December 29th. This represents a dividend yield of 0.87%. Hotel Property Investments’s payout ratio is 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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