Triple Point Social Housing REIT (LON:SOHO) Hits New 1-Year Low – Here’s Why

Triple Point Social Housing REIT plc (LON:SOHO) hit a new 52-week low on Wednesday . The stock traded as low as GBX 43.07 ($0.55) and last traded at GBX 61.56 ($0.79), with a volume of 1067683 shares changing hands. The stock had previously closed at GBX 63.20 ($0.81).

Triple Point Social Housing REIT Stock Performance

The business’s 50 day simple moving average is GBX 64.56 and its 200-day simple moving average is GBX 61.18. The company has a debt-to-equity ratio of 58.68, a current ratio of 12.24 and a quick ratio of 10.82. The stock has a market capitalization of £240.80 million, a P/E ratio of 682.22 and a beta of 0.30.

Triple Point Social Housing REIT Announces Dividend

The business also recently declared a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, September 19th were given a GBX 1.37 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a dividend yield of 2.09%. Triple Point Social Housing REIT’s dividend payout ratio is currently 5,555.56%.

Triple Point Social Housing REIT Company Profile

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.