Triple Point Social Housing REIT (LON:SOHO) Stock Price Up 1.2% - Here's Why

Key Points

• Triple Point Social Housing REIT's stock price increased by 1.2% during trading, closing at GBX 68.90 ($0.92).
• The company reported a net margin of 62.91% and an earnings per share of GBX 3.34 for the quarter ending September 10th.
• Triple Point Social Housing REIT focuses on providing sustainable housing solutions for vulnerable adults in the UK social housing sector.

Shares of Triple Point Social Housing REIT plc (LON:SOHO - Get Free Report) were up 1.2% during trading on Wednesday . The company traded as high as GBX 69 ($0.92) and last traded at GBX 68.90 ($0.92). Approximately 597,311 shares were traded during trading, a decline of 37% from the average daily volume of 942,030 shares. The stock had previously closed at GBX 68.10 ($0.91).

Triple Point Social Housing REIT Price Performance

The firm's fifty day simple moving average is GBX 68.55 and its 200 day simple moving average is GBX 68.76. The company has a market capitalization of £271.10 million, a price-to-earnings ratio of -6.08 and a beta of 0.30.

Triple Point Social Housing REIT (LON:SOHO - Get Free Report) last issued its quarterly earnings results on Wednesday, September 10th. The company reported GBX 3.34 EPS for the quarter. Triple Point Social Housing REIT had a net margin of 62.91% and a return on equity of 5.77%. Equities research analysts forecast that Triple Point Social Housing REIT plc will post 6.4980159 earnings per share for the current fiscal year.

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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