Insider Buying: Hotel Property Investments (ASX:HPI) Insider Acquires 6,041 Shares of Stock

Hotel Property Investments (ASX:HPI) insider Lachlan Edwards acquired 6,041 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of A$3.48 ($2.32) per share, for a total transaction of A$21,028.72 ($14,019.15).

Hotel Property Investments Stock Performance

The company has a debt-to-equity ratio of 60.73, a quick ratio of 0.06 and a current ratio of 2.33.

Hotel Property Investments Increases Dividend

The business also recently disclosed a Final dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, September 5th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a yield of 2.88%. This is an increase from Hotel Property Investments’s previous Final dividend of $0.09. Hotel Property Investments’s payout ratio is currently 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.