Triple Point Social Housing REIT (LON:SOHO) Trading Up 1.1% - Here's What Happened

Key Points

• Shares rose 1.1% intraday to GBX 75.40 (high GBX 75.90) with volume of ~1.68M shares, a 42% increase versus the average, indicating elevated trading activity.
• Price is above its 50- and 200-day moving averages (GBX 73.66 and GBX 70.64); the company has a market cap of £296.7M and a high reported PE of 99.21.
• Triple Point Social Housing REIT invests in UK supported housing for vulnerable adults, targeting ethical, long-term income by funding adapted homes and care-focused properties.

Triple Point Social Housing REIT plc (LON:SOHO - ) was up 1.1% during mid-day trading on Friday . The stock traded as high as GBX 75.90 and last traded at GBX 75.40. Approximately 1,681,336 shares were traded during trading, an increase of 42% from the average daily volume of 1,182,565 shares. The stock had previously closed at GBX 74.60.

Triple Point Social Housing REIT Price Performance

The company's 50 day moving average price is GBX 73.66 and its 200-day moving average price is GBX 70.64. The company has a market capitalization of £296.67 million, a PE ratio of 99.21 and a beta of 0.50. The company has a current ratio of 795.98, a quick ratio of 10.82 and a debt-to-equity ratio of 70.98.

About Triple Point Social Housing REIT

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.