Xinyuan Real Estate Co Ltd (XIN) Lifted to Buy at BidaskClub
Xinyuan Real Estate Co Ltd (NYSE:XIN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report released on Thursday.
Shares of Xinyuan Real Estate Co (NYSE:XIN) traded down 0.72% during trading on Thursday, reaching $5.48. 176,565 shares of the company traded hands. The stock has a market capitalization of $350.69 million, a PE ratio of 4.94 and a beta of 1.28. The company has a 50-day moving average of $4.78 and a 200-day moving average of $4.88. Xinyuan Real Estate Co has a 12 month low of $4.26 and a 12 month high of $7.06.
Xinyuan Real Estate Co (NYSE:XIN) last posted its quarterly earnings data on Thursday, May 18th. The financial services provider reported $0.11 earnings per share for the quarter. Xinyuan Real Estate Co had a net margin of 4.62% and a return on equity of 7.99%. The business had revenue of $280.71 million during the quarter. Analysts forecast that Xinyuan Real Estate Co will post $1.92 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Wednesday, May 31st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, May 26th. This represents a $0.20 annualized dividend and a yield of 3.65%. Xinyuan Real Estate Co’s dividend payout ratio is 35.78%.
Xinyuan Real Estate Co Company 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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