Triple Point Social Housing REIT (LON:SOHO) Trading 0.1% Higher – Here’s What Happened

Triple Point Social Housing REIT plc (LON:SOHO) shares shot up 0.1% during mid-day trading on Wednesday . The stock traded as high as GBX 70.10 and last traded at GBX 70.10. 1,130,100 shares were traded during mid-day trading, an increase of 70% from the average session volume of 664,292 shares. The stock had previously closed at GBX 70.

Triple Point Social Housing REIT Trading Up 0.1%

The stock has a market cap of £275.82 million, a PE ratio of -6.19 and a beta of 0.30. The business has a 50-day moving average price of GBX 67.63 and a 200 day moving average price of GBX 68.54.

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.