Insider Selling: Hotel Property Investments (ASX:HPI) Insider Sells 500,000 Shares of Stock

Hotel Property Investments (ASX:HPI) insider Lachlan Edwards sold 500,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of A$3.75 ($2.33), for a total value of A$1,876,000.00 ($1,165,217.39).

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 firm also recently announced 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. The ex-dividend date of this dividend is Sunday, December 29th. This represents a dividend yield of 0.87%. Hotel Property Investments’s payout ratio is 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.