Lachlan Edwards Purchases 24,944 Shares of Hotel Property Investments (HPI.AX) (ASX:HPI) Stock

Hotel Property Investments (HPI.AX) (ASX:HPI) insider Lachlan Edwards purchased 24,944 shares of the firm’s stock in a transaction dated Friday, February 19th. The stock was bought at an average cost of A$3.01 ($2.15) per share, with a total value of A$75,006.61 ($53,576.15).

The company’s 50 day moving average price is A$2.53. The company has a quick ratio of 0.26, a current ratio of 0.45 and a debt-to-equity ratio of 57.29.

The business also recently declared a Interim dividend, which will be paid on Friday, March 5th. Stockholders of record on Friday, March 5th will be paid a $0.096 dividend. The ex-dividend date is Wednesday, December 30th. This represents a dividend yield of 2.94%. Hotel Property Investments (HPI.AX)’s payout ratio is 59.01%.

About Hotel Property Investments (HPI.AX)

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 (ÂQVCÂ), 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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