New York State Common Retirement Fund purchased a new stake in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 85,090 shares of the financial services provider’s stock, valued at approximately $483,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in shares of Xinyuan Real Estate by 24.4% during the 3rd quarter. Prudential Financial Inc. now owns 555,164 shares of the financial services provider’s stock valued at $3,153,000 after purchasing an additional 109,064 shares during the last quarter. Advisors Preferred LLC purchased a new stake in shares of Xinyuan Real Estate during the 3rd quarter valued at about $128,000. Pictet Asset Management Ltd. purchased a new stake in shares of Xinyuan Real Estate during the 3rd quarter valued at about $320,000. Aperio Group LLC increased its position in shares of Xinyuan Real Estate by 12.6% during the 3rd quarter. Aperio Group LLC now owns 85,883 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 9,636 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Xinyuan Real Estate by 19.0% in the 2nd quarter. Vanguard Group Inc. now owns 175,442 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 27,964 shares in the last quarter. 15.57% of the stock is owned by hedge funds and other institutional investors.
Shares of Xinyuan Real Estate Co., Ltd. (NYSE XIN) opened at $7.77 on Friday. The stock has a market cap of $640.28, a P/E ratio of 7.69 and a beta of 1.46. Xinyuan Real Estate Co., Ltd. has a fifty-two week low of $4.26 and a fifty-two week high of $8.18. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 2.36.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.57%. The ex-dividend date was Wednesday, November 29th. Xinyuan Real Estate’s dividend payout ratio is 38.61%.
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Xinyuan Real Estate 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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