Triple Point Social Housing REIT (LON:SOHO) Trading Down 0.3% – Should You Sell?

Triple Point Social Housing REIT plc (LON:SOHO) shares dropped 0.3% on Friday . The stock traded as low as GBX 71.80 and last traded at GBX 72.60. Approximately 783,455 shares traded hands during trading, a decline of 36% from the average daily volume of 1,218,198 shares. The stock had previously closed at GBX 72.80.

Triple Point Social Housing REIT Stock Performance

The firm’s 50 day moving average is GBX 72.23 and its two-hundred day moving average is GBX 71.46. The stock has a market capitalization of £285.66 million, a PE ratio of 95.53 and a beta of 0.56. The company has a debt-to-equity ratio of 70.98, a quick ratio of 10.82 and a current ratio of 795.98.

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.