Triple Point Social Housing REIT (LON:SOHO) Trading 0.3% Higher – Should You Buy?

Triple Point Social Housing REIT plc (LON:SOHO)’s stock price traded up 0.3% during trading on Tuesday . The company traded as high as GBX 75.90 and last traded at GBX 75.20. 963,981 shares were traded during trading, a decline of 32% from the average session volume of 1,423,819 shares. The stock had previously closed at GBX 75.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 82 price target on shares of Triple Point Social Housing REIT in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 82.

Triple Point Social Housing REIT Stock Performance

The stock has a market capitalization of £295.89 million, a P/E ratio of 98.95 and a beta of 0.46. The company has a quick ratio of 10.82, a current ratio of 795.98 and a debt-to-equity ratio of 70.98. The business has a fifty day moving average price of GBX 73.78 and a 200-day moving average price of GBX 73.23.

Insider Transactions at Triple Point Social Housing REIT

In related news, insider Fionnuala Hogan purchased 65,060 shares of the company’s stock in a transaction dated Friday, June 19th. The shares were purchased at an average price of GBX 1 per share, with a total value of £650.60. Also, insider Jos Short purchased 310,345 shares of Triple Point Social Housing REIT stock in a transaction dated Wednesday, June 17th. The stock was bought at an average price of GBX 73 per share, with a total value of £226,551.85. 0.14% of the stock is currently owned by insiders.

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.