Hotel Property Investments

HPI

AU000000HPI9

Specialized REITs

Market Closed - Australian S.E. Other stock markets 02:10:29 2024-05-06 am EDT			5-day change	1st Jan Change
3.31 ^AUD	+0.91%		+3.12%	+15.33%

Mar. 28	Charter Hall Group, Charter Hall Retail REIT Acquire 14.8% Stake in Hotel Property Investments	MT
Mar. 28	Charter Hall Office Management Limited acquired 14.8% stake in Hotel Property Investments for AUD97 million.	CI

Morgans rates HPI as Add

November 16, 2022 at 08:22 pm EST

Hotel Property Investments reaffirmed FY23 DPS guidance of 18.4cps at its AGM. Management also updated on the sale of a regional pub for $6.2m, in line with ongoing sales of non-core assets, explains Morgans.

The focus remains, according to the analyst, on portfolio quality via the refurbishment/lease harmonisation program.

The broker retains its Add rating for the internally-managed REIT, while the target slips to $3.68 from $3.74.

Sector: Real Estate.

Target price is $3.68.Current Price is $3.12. Difference: $0.56 - (brackets indicate current price is over target). If HPI meets the Morgans target it will return approximately 15% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Latest news about Hotel Property Investments

Charter Hall Group, Charter Hall Retail REIT Acquire 14.8% Stake in Hotel Property Investments	Mar. 27	MT
Charter Hall Office Management Limited acquired 14.8% stake in Hotel Property Investments for AUD97 million.	Mar. 27	CI
Hotel Property Investments Divesting Four Assets for Nearly AU$49 Million	Mar. 21	MT
Hotel Property Investments CEO/Managing Director Dies	Feb. 22	MT
Hotel Property Investments Posts Attributable Profit in Fiscal H1; Boosts Distribution	Feb. 14	MT
Hotel Property Investments Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 14	CI
Hotel Property Investments Estimates Interim Dividend	Dec. 13	MT
Hotel Property Investments Announces an Expected Distribution for the Half Year Ending 31 December 2023, Payable on 1 March 2024; Provides Distribution Guidance for the Half Year Ending 30 June 2024	Dec. 13	CI
Hotel Property Investments Managing Director/CEO Remains on Leave Until Recovery; Shares Slide 3%	Nov. 16	MT
Hotel Property Investments Reports Earnings Results for the Full Year Ended June 30, 2023	23-08-16	CI
Hotel Property Investments Provides Distribution Guidance for Fiscal Year of 2024	23-08-16	CI
Hotel Property Investments Announces Expected Distribution for the Half Year Ending 30 June 2023, Payable on or About 1 September 2023	23-06-14	CI
Hotel Property Investments Refinances Partially Drawn Bank Debt Facility	23-05-29	CI
Hotel Property Investments Increases Distribution Guidance for Fiscal Year 2023	23-05-29	CI
Prospect of Further RBA Rate Hikes Quells Appetite for Australian Equities	23-02-17	MT
Hotel Property Investments Falls to Fiscal H1 Loss, Lowers Interim Distribution; Shares Down 4%	23-02-17	MT
Hotel Property Investments Declares A Final Distribution for the Six Months Ending 31 December 2022 Payable on March 3, 2023; Re-Affirms Distribution Guidance for Fiscal Year 2023	23-02-16	CI
Hotel Property Investments Reports Earnings Results for the Half Year Ended December 31, 2022	23-02-16	CI
Hotel Property Investments Estimates Distribution for Period of Six Months Ended December 31, 2022, Payable 3 march 2023	22-12-08	CI
Hotel Property Investments Limited Announces the Appointment of Anne Michaels as an Independent Non-Executive Director	22-12-01	CI
An unknown buyer acquired Barron River Hotel from Hotel Property Investments for AUD 6.2 million.	22-10-23	CI
Hotel Property Investments Announces Distribution for the Half Year Ended June 30, 2022, Payable on September 02, 2022	22-08-17	CI
Hotel Property Investments Reports Earnings Results for the Full Year Ended June 30, 2022	22-08-17	CI
Hotel Property Investments Announces Board Changes	22-07-07	CI
Hotel Property Investments Announces Demise of Ray Gunston as Non-Executive Chairman	22-07-05	CI

Chart Hotel Property Investments

Duration

Period

More charts

Company Profile

Hotel Property Investments Limited is an Australia-based real estate investment company. The Company primarily invests in the pub sector in Australia. The Company owns a portfolio of freehold properties predominately in Queensland, consisting of pubs and associated specialty stores located on the pub sites. Its property portfolio consists of approximately 56 hotels, pubs and motels located throughout Queensland, South Australia, New South Wales and Victoria. Its properties include Ball Court Hotel, Beenleigh Tavern, Berserker Tavern, Bonny View Tavern, Boomerang Motor Hotel, Bribie Island Hotel, Brighton Hotel, Brighton Metro Hotel, Capella Hotel Motel, Chancellors Tavern, Cleveland Sands Hotel, Cleveland Tavern, Commercial Hotel, Commonwealth Hotel, Coomera Lodge Hotel, Cornerstone Ale House, Crown Hotel, Diamonds Hotel, Diamonds Tavern and others.

Sector

Specialized REITs

Calendar

2024-08-19 - Q4 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Ratings for Hotel Property Investments

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.31 AUD

Average target price

3.422 AUD

Spread / Average Target

+3.38%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Hospitality REITs

	1st Jan change	Capi.
HOTEL PROPERTY INVESTMENTS	+15.33%	423M
VICI PROPERTIES, INC.	-9.25%	30.04B
HOST HOTELS & RESORTS, INC.	-3.16%	13.15B
GAMING AND LEISURE PROPERTIES, INC.	-11.53%	11.73B
RYMAN HOSPITALITY PROPERTIES, INC.	-3.74%	6.18B
APPLE HOSPITALITY REIT, INC.	-10.99%	3.56B
PARK HOTELS & RESORTS INC.	+6.86%	3.39B
JAPAN HOTEL REIT INVESTMENT CORPORATION	+22.40%	2.57B
CAPITALAND ASCOTT TRUST	-9.09%	2.51B
SUNSTONE HOTEL INVESTORS, INC.	-3.31%	2.08B

Hospitality REITs

Hotel Property Investments

Equities

HPI

AU000000HPI9

Specialized REITs

Morgans rates HPI as Add

EPS Revisions