Triple Point Social Housing REIT (LON:SOHO) Shares Down 0.3% – What’s Next?

Triple Point Social Housing REIT plc (LON:SOHO) shares fell 0.3% during trading on Friday . The stock traded as low as GBX 71.80 and last traded at GBX 72.60. 783,455 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 1,218,198 shares. The stock had previously closed at GBX 72.80.

Triple Point Social Housing REIT Stock Performance

The company has a debt-to-equity ratio of 70.98, a quick ratio of 10.82 and a current ratio of 795.98. The company has a 50 day moving average price of GBX 72.23 and a 200 day moving average price of GBX 71.46. The company has a market capitalization of £285.66 million, a price-to-earnings ratio of 95.53 and a beta of 0.56.

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.