Xinyuan Real Estate (NYSE:XIN) Stock Price Passes Above 50 Day Moving Average of $4.35

Shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.35 and traded as high as $4.22. Xinyuan Real Estate shares last traded at $4.22, with a volume of 3,652 shares traded.

The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 4.57. The stock has a 50-day moving average of $4.34. The company has a market cap of $344.45 million, a PE ratio of 2.15 and a beta of 1.77.

Xinyuan Real Estate (NYSE:XIN) last posted its quarterly earnings data on Thursday, May 23rd. The financial services provider reported $0.33 earnings per share for the quarter. Xinyuan Real Estate had a net margin of 4.14% and a return on equity of 16.95%. The firm had revenue of $468.85 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 9.57%. The ex-dividend date of this dividend was Friday, May 31st. This is a boost from Xinyuan Real Estate’s previous quarterly dividend of $0.05.

A number of hedge funds have recently bought and sold shares of XIN. Acadian Asset Management LLC bought a new position in Xinyuan Real Estate in the 1st quarter worth approximately $1,398,000. Marshall Wace LLP bought a new position in Xinyuan Real Estate in the 1st quarter worth approximately $626,000. Millennium Management LLC raised its position 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 last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Xinyuan Real Estate in the 4th quarter worth approximately $112,000. Finally, Mackenzie Financial Corp raised its position 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 last quarter. Hedge funds and other institutional investors own 7.33% of the company’s stock.

Xinyuan Real Estate Company Profile (NYSE:XIN)

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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