Triple Point Social Housing REIT (LON:SOHO) Trading Up 0.2% – Should You Buy?

Triple Point Social Housing REIT plc (LON:SOHO)’s share price traded up 0.2% during trading on Thursday . The stock traded as high as GBX 58.30 ($0.75) and last traded at GBX 57.20 ($0.74). 1,314,516 shares changed hands during trading, an increase of 110% from the average session volume of 625,685 shares. The stock had previously closed at GBX 57.10 ($0.74).

Triple Point Social Housing REIT Stock Performance

The firm’s 50-day simple moving average is GBX 58.05 and its 200 day simple moving average is GBX 61.15. The company has a market cap of £232.50 million, a P/E ratio of 9.06 and a beta of 0.30.

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.