Triple Point Social Housing REIT (LON:SOHO) Trading Down 0.4% - Should You Sell?

Key Points

• Triple Point Social Housing REIT fell 0.4% on Friday, trading as low as GBX 71.50 before last changing hands at GBX 72.00.
• Trading volume was lighter than usual, with 485,665 shares traded versus an average session volume of 1,260,977, a decline of 61%.
• The company’s shares are close to their recent averages, with a 50-day moving average of GBX 72.64 and a 200-day moving average of GBX 71.05; its market cap is £283.3 million.

Triple Point Social Housing REIT plc (LON:SOHO - ) traded down 0.4% on Friday . The company traded as low as GBX 71.50 and last traded at GBX 72. 485,665 shares were traded during mid-day trading, a decline of 61% from the average session volume of 1,260,977 shares. The stock had previously closed at GBX 72.30.

Triple Point Social Housing REIT Price Performance

The business has a 50 day moving average price of GBX 72.64 and a two-hundred day moving average price of GBX 71.05. The stock has a market cap of £283.30 million, a PE ratio of 94.74 and a beta of 0.58. The company has a debt-to-equity ratio of 70.98, a quick ratio of 10.82 and a current ratio of 795.98.

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.

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