Triple Point Social Housing REIT (LON:SOHO) Stock Price Down 0.1% – Here’s Why

Triple Point Social Housing REIT plc (LON:SOHO) shares dropped 0.1% on Thursday . The stock traded as low as GBX 76 and last traded at GBX 76.40. Approximately 2,688,256 shares changed hands during trading, an increase of 102% from the average daily volume of 1,331,023 shares. The stock had previously closed at GBX 76.50.

Triple Point Social Housing REIT Stock Up 1.7%

The company’s 50-day simple moving average is GBX 69.94 and its 200 day simple moving average is GBX 68.99. The company has a market capitalization of £307.30 million, a P/E ratio of -6.89 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.