Triple Point Social Housing REIT (LON:SOHO) Shares Up 0.3% – Still a Buy?

Shares of Triple Point Social Housing REIT plc (LON:SOHO) shot up 0.3% during trading on Tuesday . The stock traded as high as GBX 75.90 and last traded at GBX 75.20. 963,981 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 1,423,819 shares. The stock had previously closed at GBX 75.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 82 target price on shares of Triple Point Social Housing REIT in a research report on Monday, June 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Triple Point Social Housing REIT currently has an average rating of “Buy” and an average target price of GBX 82.

Triple Point Social Housing REIT Stock Up 0.3%

The firm has a market cap of £295.89 million, a price-to-earnings ratio of 98.95 and a beta of 0.46. The firm has a 50 day moving average of GBX 73.75 and a 200 day moving average of GBX 73.18. The company has a quick ratio of 10.82, a current ratio of 795.98 and a debt-to-equity ratio of 70.98.

Insider Buying and Selling

In related news, insider Jos Short acquired 310,345 shares of Triple Point Social Housing REIT stock in a transaction dated Wednesday, June 17th. The stock was bought at an average price of GBX 73 per share, with a total value of £226,551.85. Also, insider Fionnuala Hogan acquired 65,060 shares of Triple Point Social Housing REIT stock in a transaction dated Friday, June 19th. The shares were bought at an average cost of GBX 1 per share, with a total value of £650.60. 0.14% of the stock is currently owned by corporate insiders.

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. 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.