Xinyuan Real Estate Co Ltd (NYSE:XIN) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Shares of Xinyuan Real Estate Co (XIN) traded down 1.1200% during mid-day trading on Tuesday, hitting $5.4384. The company had a trading volume of 52,658 shares. The company has a market capitalization of $348.02 million, a P/E ratio of 4.8995 and a beta of 1.27. The firm’s 50-day moving average price is $5.12 and its 200 day moving average price is $4.90. Xinyuan Real Estate Co has a one year low of $4.26 and a one year high of $7.06.

Xinyuan Real Estate Co (NYSE:XIN) last announced its earnings results 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 firm had revenue of $280.71 million during the quarter. Analysts predict that Xinyuan Real Estate Co will post $1.92 earnings per share for the current fiscal year.

Xinyuan Real Estate Co announced that its Board of Directors has initiated a share buyback plan on Tuesday, April 18th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 122% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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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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