Home REIT shares plunge after short-seller criticism

Share price plummeted by 32%

clock • 2 min read

Shares in Home REIT (HOME) are down sharply following criticism from a short-seller about the stability of the business.

FTSE-250 listed Home REIT describes itself as a "property company which invests in the provision of sheltered housing for homeless people throughout the United Kingdom".  In a report seen by The Times, Viceroy Research raised doubts about tenants' ability to pay rent, the prices Home REIT paid for some of its houses and the structure which determines how much the fund managers receive in fees. Home REIT's share price fell heavily on the report, dropping to just over 55p per share by 11.30am yesterday morning (23 November) from almost 76p per share. Soon after the publication, Home ...

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