Triple Point Social Housing REIT (LON:SOHO) Stock Price Up 1.1% – Time to Buy?

Triple Point Social Housing REIT plc (LON:SOHO)’s stock price was up 1.1% during mid-day trading on Friday . The stock traded as high as GBX 75.90 and last traded at GBX 75.40. Approximately 1,681,336 shares were traded during mid-day trading, an increase of 42% from the average daily volume of 1,182,565 shares. The stock had previously closed at GBX 74.60.

Triple Point Social Housing REIT Stock Up 1.1%

The firm has a 50-day moving average of GBX 73.66 and a two-hundred day moving average of GBX 70.64. The firm has a market cap of £296.67 million, a price-to-earnings ratio of 99.21 and a beta of 0.50. The company has a current ratio of 795.98, a quick ratio of 10.82 and a debt-to-equity ratio of 70.98.

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.