Triple Point Social Housing REIT (LON:SOHO) Trading Down 0.4% – Here’s Why

Triple Point Social Housing REIT plc (LON:SOHO) shares traded down 0.4% on Friday . The stock traded as low as GBX 71.50 and last traded at GBX 72. 485,665 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 1,260,977 shares. The stock had previously closed at GBX 72.30.

Triple Point Social Housing REIT Trading Down 0.4%

The firm has a fifty day moving average of GBX 72.64 and a two-hundred day moving average of GBX 71.05. The company has a market cap of £283.30 million, a PE ratio of 94.74 and a beta of 0.58. The company has a current ratio of 795.98, a quick ratio of 10.82 and a debt-to-equity ratio of 70.98.

Triple Point Social Housing REIT Company Profile

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.