Xinyuan Real Estate Co. (XIN) Releases Earnings Results
Xinyuan Real Estate Co. (NYSE:XIN) issued its earnings results on Monday. The company reported $0.41 EPS for the quarter. Xinyuan Real Estate had a net margin of 5.58% and a return on equity of 7.94%. The firm earned $444.30 million during the quarter, compared to the consensus estimate of $309 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share.
Shares of Xinyuan Real Estate (NYSE:XIN) opened at 5.64 on Monday. The firm has a 50-day moving average of $5.84 and a 200 day moving average of $5.49. The company has a market cap of $376.23 million, a P/E ratio of 5.51 and a beta of 1.79. Xinyuan Real Estate has a 52 week low of $2.85 and a 52 week high of $7.06.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Monday, November 28th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.55%. Xinyuan Real Estate’s payout ratio is presently 22.86%.
About Xinyuan Real Estate
Xinyuan Real Estate Co, Ltd. (Xinyuan) is a real estate developer and property manager primarily in China and in other countries. In China, the Company develops and manages real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi’an, Suzhou, among others.
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