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

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

Triple Point Social Housing REIT Price Performance

Shares of SOHO stock traded up GBX 1.80 ($0.02) on Thursday, hitting GBX 63.40 ($0.82). The company’s stock had a trading volume of 3,109,154 shares, compared to its average volume of 810,658. The firm’s fifty day moving average price is GBX 58.26 and its 200-day moving average price is GBX 60.87. Triple Point Social Housing REIT has a fifty-two week low of GBX 54.50 ($0.70) and a fifty-two week high of GBX 67 ($0.86). The stock has a market capitalization of £252.84 million, a price-to-earnings ratio of 9.85 and a beta of 0.30.

Triple Point Social Housing REIT Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be paid a dividend of GBX 1.37 ($0.02) per share. This represents a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, March 27th. Triple Point Social Housing REIT’s dividend payout ratio is presently 77.67%.

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.