Triple Point Social Housing REIT (LON:SOHO) Trading 1.3% Higher – Still a Buy?

Triple Point Social Housing REIT plc (LON:SOHO)’s stock price was up 1.3% during trading on Tuesday . The stock traded as high as GBX 57 ($0.71) and last traded at GBX 56.60 ($0.70). Approximately 860,236 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 674,902 shares. The stock had previously closed at GBX 55.90 ($0.70).

Triple Point Social Housing REIT Stock Performance

The company’s 50-day simple moving average is GBX 59.41 and its 200 day simple moving average is GBX 61.56. The stock has a market cap of £222.70 million, a P/E ratio of 628.89 and a beta of 0.30. The company has a current ratio of 12.24, a quick ratio of 10.82 and a debt-to-equity ratio of 58.68.

Triple Point Social Housing REIT Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 28th were issued a dividend of GBX 1.37 ($0.02) per share. The ex-dividend date was Thursday, November 28th. This represents a yield of 2.22%. Triple Point Social Housing REIT’s dividend payout ratio (DPR) is currently 5,555.56%.

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.