Xinyuan Real Estate Co Ltd (XIN) Stake Lowered by Prudential Financial Inc.
Prudential Financial Inc. trimmed its position in shares of Xinyuan Real Estate Co Ltd (NYSE:XIN) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 446,100 shares of the financial services provider’s stock after selling 5,522 shares during the period. Prudential Financial Inc. owned 0.70% of Xinyuan Real Estate Co worth $2,311,000 at the end of the most recent reporting period.
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Separately, BidaskClub downgraded shares of Xinyuan Real Estate Co from a “hold” rating to a “sell” rating in a report on Monday, August 14th.
Shares of Xinyuan Real Estate Co Ltd (XIN) opened at 5.77 on Thursday. The firm has a 50-day moving average of $5.30 and a 200-day moving average of $4.92. The company has a market capitalization of $374.95 million, a P/E ratio of 6.66 and a beta of 1.30. Xinyuan Real Estate Co Ltd has a one year low of $4.26 and a one year high of $6.81.
Xinyuan Real Estate Co (NYSE:XIN) last posted its quarterly earnings data on Friday, August 11th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $488.17 million for the quarter. Xinyuan Real Estate Co had a net margin of 3.30% and a return on equity of 6.07%. Analysts forecast that Xinyuan Real Estate Co Ltd will post $1.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.48%. The ex-dividend date was Tuesday, August 29th. Xinyuan Real Estate Co’s payout ratio is 46.43%.
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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