Triple Point Social Housing REIT (LON:SOHO) Stock Price Down 0.1% – What’s Next?

Shares of Triple Point Social Housing REIT plc (LON:SOHO) dropped 0.1% during mid-day trading on Thursday . The stock traded as low as GBX 76 and last traded at GBX 76.40. Approximately 2,688,256 shares traded hands during trading, an increase of 102% from the average daily volume of 1,331,023 shares. The stock had previously closed at GBX 76.50.

Triple Point Social Housing REIT Stock Down 0.1%

The stock has a market cap of £300.61 million, a price-to-earnings ratio of -6.74 and a beta of 0.30. The company’s 50-day simple moving average is GBX 69.78 and its 200-day simple moving average is GBX 68.95.

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.