Triple Point Social Housing REIT (LON:SOHO) Trading 0.9% Higher – Here’s What Happened

Triple Point Social Housing REIT plc (LON:SOHO)’s share price rose 0.9% during mid-day trading on Thursday . The company traded as high as GBX 78.70 and last traded at GBX 77.60. Approximately 642,980 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 1,294,963 shares. The stock had previously closed at GBX 76.90.

Triple Point Social Housing REIT Price Performance

The company has a market cap of £305.33 million, a PE ratio of -6.85 and a beta of 0.30. The stock’s 50-day moving average is GBX 72.90 and its 200 day moving average is GBX 69.71.

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.