Insider Selling: ALE Property Group (ASX:LEP) Insider Sells 33,365 Shares of Stock

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ALE Property Group (ASX:LEP) insider Andrew Wilkinson sold 33,365 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of A$5.03 ($3.57), for a total transaction of A$167,825.95 ($119,025.50).

Shares of ASX:LEP opened at A$5.05 ($3.58) on Friday. The stock has a market cap of $988.63 million and a P/E ratio of 19.42. The company has a quick ratio of 1.30, a current ratio of 1.36 and a debt-to-equity ratio of 89.71. ALE Property Group has a twelve month low of A$4.50 ($3.19) and a twelve month high of A$5.50 ($3.90). The business’s 50 day moving average is A$4.88.

The business also recently disclosed a Final dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 2.15%. ALE Property Group’s dividend payout ratio is presently 80.77%.

About ALE Property Group

ALE Property Group (ASX:LEP) is the owner of Australia's largest portfolio of freehold pub properties. Established in November 2003, ALE owns a portfolio of around 86 pub properties across the five mainland states of Australia. All of the properties are leased to Australian Leisure and Hospitality Group Limited (ALH) for an average initial term of around a further 13 years.

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