Triple Point Social Housing REIT (LON:SOHO) Issues Earnings Results

Triple Point Social Housing REIT (LON:SOHO) announced its quarterly earnings results on Tuesday. The company reported GBX 5.40 ($0.07) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Triple Point Social Housing REIT had a return on equity of 5.77% and a net margin of 62.91%.

Triple Point Social Housing REIT Trading Up 2.3 %

LON SOHO traded up GBX 1.40 ($0.02) during mid-day trading on Thursday, hitting GBX 63 ($0.81). The company’s stock had a trading volume of 2,284,948 shares, compared to its average volume of 797,146. The company’s 50 day simple moving average is GBX 58.26 and its 200 day simple moving average is GBX 60.87. Triple Point Social Housing REIT has a twelve month low of GBX 54.50 ($0.70) and a twelve month high of GBX 67 ($0.86). The firm has a market capitalization of £251.24 million, a price-to-earnings ratio of 9.79 and a beta of 0.30.

Triple Point Social Housing REIT Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be issued a GBX 1.37 ($0.02) dividend. This represents a dividend yield of 2.31%. The ex-dividend date is Thursday, March 27th. Triple Point Social Housing REIT’s dividend payout ratio is currently 77.67%.

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.