Triple Point Social Housing REIT (LON:SOHO) Stock Price Down 1.9% – Here’s What Happened

Shares of Triple Point Social Housing REIT plc (LON:SOHO) were down 1.9% during trading on Thursday . The company traded as low as GBX 68.92 and last traded at GBX 69.09. Approximately 1,556,651 shares changed hands during trading, an increase of 29% from the average daily volume of 1,202,149 shares. The stock had previously closed at GBX 70.40.

Triple Point Social Housing REIT Stock Performance

The stock has a market capitalization of £264.41 million, a PE ratio of -5.93 and a beta of 0.50. The stock’s 50 day moving average is GBX 74.15 and its two-hundred day moving average is GBX 70.22.

About Triple Point Social Housing REIT

Social Housing REIT seeks to address the ongoing housing crisis by investing in the UK social housing sector, providing sustainable high-quality homes which have been adapted for vulnerable adults with long-term care and support needs including mental health issues, learning disabilities, or physical and sensory impairment.

We believe our residents deserve a home that offers greater independence than institutional accommodation, at the same time as meeting their specialist care needs. Our ambition is to be the leading UK Supported Housing investor, helping guarantee secure futures for people in need across the country, while ensuring that our shareholders have an ethical, solid, long-term income source.