Xinyuan Real Estate (XIN) Issues Earnings Results
Xinyuan Real Estate (NYSE:XIN) announced its earnings results on Thursday. The financial services provider reported $0.33 earnings per share for the quarter, Morningstar.com reports. The firm had revenue of $468.85 million during the quarter. Xinyuan Real Estate had a net margin of 3.34% and a return on equity of 13.03%.
Shares of NYSE XIN opened at $4.25 on Friday. The firm has a market capitalization of $353.51 million, a P/E ratio of 2.94 and a beta of 1.84. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.71 and a quick ratio of 1.71. Xinyuan Real Estate has a 1-year low of $3.60 and a 1-year high of $5.68.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. PEAK6 Investments LLC boosted its stake in Xinyuan Real Estate by 105.5% in the 4th quarter. PEAK6 Investments LLC now owns 32,186 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 16,523 shares during the period. Millennium Management LLC boosted its stake in Xinyuan Real Estate by 81.3% in the 4th quarter. Millennium Management LLC now owns 115,065 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 51,586 shares during the period. Dimensional Fund Advisors LP boosted its stake in Xinyuan Real Estate by 33.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 418,441 shares of the financial services provider’s stock worth $1,887,000 after purchasing an additional 104,639 shares during the period. Two Sigma Investments LP acquired a new position in Xinyuan Real Estate in the 4th quarter worth $59,000. Finally, Mackenzie Financial Corp boosted its stake in Xinyuan Real Estate by 45.8% in the 4th quarter. Mackenzie Financial Corp now owns 70,700 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 22,200 shares during the period. 9.43% of the stock is owned by hedge funds and other institutional investors.
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Xinyuan Real Estate Co, Ltd., through its subsidiaries, develops residential real estate properties for middle income consumers in the People's Republic of China and the United States. It develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, or high-rise apartment buildings; auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools; and small scale residential properties, as well as office, mixed-use, and commercial properties.
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