Triple Point Social Housing REIT (LON:SOHO) Stock Price Up 4.6% - Here's Why

Triple Point Social Housing REIT plc (LON:SOHO - Get Free Report) rose 4.6% on Tuesday . The company traded as high as GBX 65.90 ($0.88) and last traded at GBX 65.70 ($0.87). Approximately 1,055,518 shares were traded during trading, an increase of 22% from the average daily volume of 862,245 shares. The stock had previously closed at GBX 62.80 ($0.83).

Triple Point Social Housing REIT Stock Performance

The firm has a market cap of £271.98 million, a PE ratio of 10.59 and a beta of 0.30. The stock has a 50 day simple moving average of GBX 60.15 and a two-hundred day simple moving average of GBX 60.63.

Triple Point Social Housing REIT (LON:SOHO - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported GBX 5.40 ($0.07) earnings per share 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 year.

Triple Point Social Housing REIT Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 27th were issued a GBX 1.37 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a yield of 2.31%. Triple Point Social Housing REIT's payout ratio is 77.67%.

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.