Triple Point Social Housing REIT (LON:SOHO) Stock Price Down 3.9% - Here's Why

Key Points

• Triple Point Social Housing REIT shares declined by 3.9%, closing at GBX 69.70 ($0.93) after trading as low as GBX 68.40 ($0.91).
• The company's trading volume surged by 243% to 3,409,431 shares, compared to its average session volume of 994,666 shares.
• Triple Point Social Housing REIT focuses on the UK social housing sector, aiming to provide sustainable homes for vulnerable adults with care needs.

Shares of Triple Point Social Housing REIT plc (LON:SOHO - ) traded down 3.9% on Tuesday . The company traded as low as GBX 68.40 ($0.91) and last traded at GBX 69.70 ($0.93). 3,409,431 shares changed hands during trading, an increase of 243% from the average session volume of 994,666 shares. The stock had previously closed at GBX 72.50 ($0.97).

Triple Point Social Housing REIT Stock Down 3.9%

The firm has a market cap of £277.96 million, a PE ratio of 10.83 and a beta of 0.30. The stock has a 50 day moving average price of GBX 70.34 and a two-hundred day moving average price of GBX 64.67.

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.

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