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

Hotel Property Investments (ASX:HPI) insider Giselle Collins sold 92,614 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of A$3.76 ($2.35), for a total value of A$348,506.48 ($217,816.55).

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 firm also recently announced a Interim dividend, which will be paid on Thursday, February 6th. Shareholders of record on Tuesday, February 6th will be given 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 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.