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Triple Point Social Housing REIT PLC ( (GB:SOHO) ) has shared an announcement.
Triple Point Social Housing REIT PLC announced that Passaic Services Limited, associated with Benedict Green, acquired 140,207 ordinary shares in the company. This acquisition increases Benedict Green and his associates’ total holdings to 1,959,108 shares, representing 0.50% of the company’s issued share capital. This move indicates a strategic consolidation of shares by key stakeholders, potentially reflecting confidence in the company’s market position and future prospects.
The most recent analyst rating on (GB:SOHO) stock is a Hold with a £57.00 price target. To see the full list of analyst forecasts on Triple Point Social Housing REIT PLC stock, see the GB:SOHO Stock Forecast page.
Spark’s Take on GB:SOHO Stock
According to Spark, TipRanks’ AI Analyst, GB:SOHO is a Neutral.
Triple Point Social Housing REIT PLC displays a moderate overall stock score due to mixed financial performance and valuation concerns. While technical indicators are strong, suggesting upward momentum, the negative P/E ratio and financial challenges dampen outlook. The high dividend yield and stakeholder confidence are positives, but emphasis on revenue recovery and tenant management is needed to enhance future stability.
To see Spark’s full report on GB:SOHO stock, click here.
More about Triple Point Social Housing REIT PLC
Triple Point Social Housing REIT PLC operates in the real estate investment trust sector, focusing on providing social housing solutions. The company primarily invests in a portfolio of social housing assets across the UK, aiming to deliver stable and inflation-linked returns to its stakeholders.
Average Trading Volume: 796,387
Technical Sentiment Signal: Buy
Current Market Cap: £269.5M
See more insights into SOHO stock on TipRanks’ Stock Analysis page.