Triple Point Social Housing REIT (LON:SOHO) Stock Price Up 0.9% – Should You Buy?

Triple Point Social Housing REIT plc (LON:SOHO)’s stock price was up 0.9% during trading on Thursday . The stock traded as high as GBX 78.70 and last traded at GBX 77.60. Approximately 642,980 shares were traded during trading, a decline of 50% from the average daily volume of 1,294,963 shares. The stock had previously closed at GBX 76.90.

Triple Point Social Housing REIT Trading Up 0.9%

The stock has a market capitalization of £305.33 million, a price-to-earnings ratio of -6.85 and a beta of 0.30. The firm has a 50-day moving average of GBX 72.90 and a 200-day moving average of GBX 69.71.

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.