Triple Point Social Housing REIT (LON:SOHO) Hits New 1-Year Low – What’s Next?

Triple Point Social Housing REIT plc (LON:SOHO) shares reached a new 52-week low on Wednesday . The company traded as low as GBX 42.90 ($0.54) and last traded at GBX 60.80 ($0.77), with a volume of 423780 shares changing hands. The stock had previously closed at GBX 60.30 ($0.76).

Triple Point Social Housing REIT Trading Up 0.8 %

The business’s 50 day moving average price is GBX 63.51 and its two-hundred day moving average price is GBX 61.23. The company has a current ratio of 12.24, a quick ratio of 10.82 and a debt-to-equity ratio of 58.68. The company has a market capitalization of £239.23 million, a price-to-earnings ratio of 676.67 and a beta of 0.30.

Triple Point Social Housing REIT Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 28th will be paid a GBX 1.37 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 2.22%. Triple Point Social Housing REIT’s payout ratio is currently 5,555.56%.

About Triple Point Social Housing REIT

Triple Point Social Housing REIT plc (the "Company") is a Real Estate Investment Trust ("REIT") incorporated in England and Wales under the Companies Act 2006 as a public company limited by shares on 12 June 2017. The address of the registered office is 1 King William Street, United Kingdom, EC4N 7AF.