Giselle Collins Sells 92,614 Shares of Hotel Property Investments (ASX:HPI) Stock

Hotel Property Investments (ASX:HPIGet Free Report) insider Giselle Collins sold 92,614 shares of Hotel Property Investments stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of A$3.76 ($2.34), for a total value of A$348,506.48 ($216,463.65).

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 declared a Interim dividend, which will be paid on Thursday, February 6th. Stockholders of record on Tuesday, February 6th will be paid a dividend of $0.033 per share. The ex-dividend date of this dividend is Sunday, December 29th. This represents a dividend yield of 0.87%. Hotel Property Investments’s dividend payout ratio (DPR) is 105.56%.

About Hotel Property Investments

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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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