Triple Point Social Housing REIT (LON:SOHO) Shares Up 0.1% – Still a Buy?

Triple Point Social Housing REIT plc (LON:SOHO)’s share price shot up 0.1% on Wednesday . The stock traded as high as GBX 69 and last traded at GBX 68.50. 170,005 shares traded hands during trading, a decline of 81% from the average session volume of 879,454 shares. The stock had previously closed at GBX 68.40.

Triple Point Social Housing REIT Stock Performance

The company’s 50 day simple moving average is GBX 67.48 and its 200 day simple moving average is GBX 68.76. The stock has a market cap of £269.52 million, a PE ratio of -6.05 and a beta of 0.30.

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.