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

Triple Point Social Housing REIT (LON:SOHO) issued its quarterly earnings results on Tuesday. The company reported GBX 5.40 ($0.07) EPS 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 Stock Performance

Triple Point Social Housing REIT stock traded up GBX 1.20 ($0.02) during midday trading on Thursday, reaching GBX 62.80 ($0.81). The stock had a trading volume of 2,069,245 shares, compared to its average volume of 793,135. The stock has a market capitalization of £250.45 million, a PE ratio of 9.76 and a beta of 0.30. The stock’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).

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 given 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 (DPR) is currently 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.