Hotel Property Investments (ASX:HPI) Stock Passes Above Fifty Day Moving Average of $3.47

Hotel Property Investments Ltd (ASX:HPI)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.47 and traded as high as $3.48. Hotel Property Investments shares last traded at $3.45, with a volume of 530,032 shares traded.

The company has a market cap of $504.06 million and a P/E ratio of 10.24. The company has a 50 day moving average price of A$3.47 and a 200-day moving average price of A$3.40. The company has a quick ratio of 0.05, a current ratio of 0.07 and a debt-to-equity ratio of 61.66.

The firm also recently declared a Final dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, September 6th were paid a $0.101 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a dividend yield of 2.97%. Hotel Property Investments’s payout ratio is 59.35%.

Hotel Property Investments Company Profile (ASX:HPI)

HPI owns a Portfolio of freehold pubs and associated specialty tenancies located throughout Queensland and South Australia. The pubs are leased to the Coles group ("Coles") and to Australian Leisure & Hospitality ("ALH"), a joint venture 75% owned by the Woolworths group. HPI's objective is to maximise the long term income and capital returns from its investments for the benefit of its Securityholders.

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