Xinyuan Real Estate (NYSE:XIN) posted its earnings results on Friday. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, RTT News reports. Xinyuan Real Estate had a return on equity of 4.48% and a net margin of 2.42%. The firm had revenue of $728.99 million for the quarter. During the same period in the previous year, the company posted $0.18 EPS.

Shares of Xinyuan Real Estate (XIN) opened at $6.55 on Friday. Xinyuan Real Estate has a 52 week low of $4.26 and a 52 week high of $8.29. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $524.91, a P/E ratio of 10.08 and a beta of 1.48.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.05%. Xinyuan Real Estate’s payout ratio is currently 60.00%.

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Xinyuan Real Estate by 70.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 257,469 shares of the financial services provider’s stock valued at $1,457,000 after buying an additional 106,203 shares in the last quarter. Pictet Asset Management Ltd. purchased a new stake in Xinyuan Real Estate in the 3rd quarter valued at approximately $320,000. New York State Common Retirement Fund purchased a new stake in Xinyuan Real Estate in the 3rd quarter valued at approximately $483,000. Prudential Financial Inc. lifted its stake in Xinyuan Real Estate by 24.4% in the 3rd quarter. Prudential Financial Inc. now owns 555,164 shares of the financial services provider’s stock valued at $3,153,000 after buying an additional 109,064 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Xinyuan Real Estate in the 3rd quarter valued at approximately $115,000. 15.56% of the stock is currently owned by hedge funds and other institutional investors.

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About Xinyuan Real Estate

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.

Earnings History for Xinyuan Real Estate (NYSE:XIN)

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