Xinyuan Real Estate Co Ltd (XIN) Sees Unusually-High Trading Volume After Dividend Announcement
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.
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.
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