JPMorgan Chase & Co. grew its holdings in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) by 70.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 257,469 shares of the financial services provider’s stock after buying an additional 106,203 shares during the quarter. JPMorgan Chase & Co. owned 0.40% of Xinyuan Real Estate worth $1,457,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisors Preferred LLC bought a new position in shares of Xinyuan Real Estate during the third quarter valued at approximately $128,000. Pictet Asset Management Ltd. bought a new position in shares of Xinyuan Real Estate during the third quarter valued at approximately $320,000. New York State Common Retirement Fund bought a new position in shares of Xinyuan Real Estate during the third quarter valued at approximately $483,000. Aperio Group LLC grew its stake in shares of Xinyuan Real Estate 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 buying an additional 9,636 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Xinyuan Real Estate by 19.0% during the second quarter. Vanguard Group Inc. now owns 175,442 shares of the financial services provider’s stock valued at $909,000 after buying an additional 27,964 shares during the last quarter. 15.57% of the stock is currently owned by hedge funds and other institutional investors.
Xinyuan Real Estate Co., Ltd. (XIN) opened at $7.99 on Thursday. The company has a market capitalization of $654.29, a P/E ratio of 7.91 and a beta of 1.46. Xinyuan Real Estate Co., Ltd. has a 52 week low of $4.26 and a 52 week high of $8.25. The company has a debt-to-equity ratio of 2.36, a quick ratio of 2.25 and a current ratio of 2.25.
Xinyuan Real Estate (NYSE:XIN) last released its earnings results on Friday, November 10th. The financial services provider reported $0.22 EPS for the quarter. Xinyuan Real Estate had a return on equity of 4.48% and a net margin of 2.42%. The firm had revenue of $482.37 million for the quarter. During the same period in the prior year, the company posted $0.41 EPS.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a $0.05 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.20 annualized dividend and a yield of 2.50%. Xinyuan Real Estate’s dividend payout ratio (DPR) is currently 38.61%.
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Xinyuan Real Estate Profile
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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