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

Triple Point Social Housing REIT (LON:SOHO) posted its quarterly earnings results 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 return on equity of 5.77% and a net margin of 62.91%.

Triple Point Social Housing REIT Stock Performance

SOHO stock opened at GBX 59.50 ($0.77) on Tuesday. The firm has a 50 day simple moving average of GBX 58.19 and a 200 day simple moving average of GBX 60.93. Triple Point Social Housing REIT has a 52 week low of GBX 54.50 ($0.70) and a 52 week high of GBX 67 ($0.87). The stock has a market cap of £237.29 million, a P/E ratio of 9.24 and a beta of 0.30.

Triple Point Social Housing REIT Dividend Announcement

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