Xinyuan Real Estate Co Ltd (NYSE:XIN) shares saw an uptick in trading volume on Friday after the company announced a dividend. 768,095 shares changed hands during trading, an increase of 327% from the previous session’s volume of 180,092 shares.The stock last traded at $6.03 and had previously closed at $5.76.

The newly announced dividend which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.32%. Xinyuan Real Estate Co’s dividend payout ratio (DPR) is 28.06%.

Separately, BidaskClub lowered shares of Xinyuan Real Estate Co from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th.

The firm has a market capitalization of $772.00, a P/E ratio of 6.76 and a beta of 1.45. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.35 and a current ratio of 2.35.

Xinyuan Real Estate Co (NYSE:XIN) last released its quarterly earnings data on Friday, August 11th. The financial services provider reported $0.14 earnings per share for the quarter. Xinyuan Real Estate Co had a net margin of 3.30% and a return on equity of 6.07%. The firm had revenue of $488.17 million for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Preferred LLC bought a new position in shares of Xinyuan Real Estate Co during the third quarter valued at about $128,000. Pictet Asset Management Ltd. bought a new position in shares of Xinyuan Real Estate Co during the third quarter valued at about $320,000. New York State Common Retirement Fund bought a new position in shares of Xinyuan Real Estate Co during the third quarter valued at about $483,000. Aperio Group LLC lifted its position in shares of Xinyuan Real Estate Co by 12.6% during the third quarter. Aperio Group LLC now owns 85,883 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 9,636 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Xinyuan Real Estate Co by 40.4% during the second quarter. JPMorgan Chase & Co. now owns 151,266 shares of the financial services provider’s stock valued at $784,000 after purchasing an additional 43,497 shares in the last quarter. 17.82% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/xinyuan-real-estate-co-ltd-xin-sees-unusually-high-trading-volume-after-dividend-announcement/1694891.html.

About Xinyuan Real Estate Co

Xinyuan Real Estate Co, Ltd. (Xinyuan) is a holding company and conducts business primarily through its operating subsidiaries in China. The Company is a real estate developer and property manager that primarily focuses on residential properties. Xinyuan is engaged in developing large scale residential projects, which consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment buildings.

Receive News & Ratings for Xinyuan Real Estate Co Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xinyuan Real Estate Co Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.