Pictet Asset Management Ltd. Invests $320,000 in Xinyuan Real Estate Co Ltd (XIN)

Pictet Asset Management Ltd. bought a new position in shares of Xinyuan Real Estate Co Ltd (NYSE:XIN) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 56,300 shares of the financial services provider’s stock, valued at approximately $320,000. Pictet Asset Management Ltd. owned about 0.09% of Xinyuan Real Estate Co as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Xinyuan Real Estate Co by 40.4% during the second quarter. JPMorgan Chase & Co. now owns 151,266 shares of the financial services provider’s stock worth $784,000 after acquiring an additional 43,497 shares during the last quarter. Aperio Group LLC grew its stake in shares of Xinyuan Real Estate Co by 12.6% during the third quarter. Aperio Group LLC now owns 85,883 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 9,636 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Xinyuan Real Estate Co by 19.0% during the second quarter. Vanguard Group Inc. now owns 175,442 shares of the financial services provider’s stock worth $909,000 after purchasing an additional 27,964 shares during the period. Institutional investors own 18.11% of the company’s stock.

Separately, BidaskClub cut Xinyuan Real Estate Co from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.

Shares of Xinyuan Real Estate Co Ltd (XIN) opened at $5.77 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.35 and a current ratio of 2.35. Xinyuan Real Estate Co Ltd has a 52 week low of $4.26 and a 52 week high of $6.38. The company has a market capitalization of $378.85, a price-to-earnings ratio of 8.97 and a beta of 1.46.

Xinyuan Real Estate Co (NYSE:XIN) last announced its quarterly earnings data on Friday, November 10th. The financial services provider reported $0.22 EPS for the quarter. Xinyuan Real Estate Co had a return on equity of 4.58% and a net margin of 2.42%. The business had revenue of $482.37 million during the quarter. During the same period last year, the firm earned $0.41 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.47%. Xinyuan Real Estate Co’s dividend payout ratio (DPR) is presently 60.00%.

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Xinyuan Real Estate Co 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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Institutional Ownership by Quarter for Xinyuan Real Estate Co (NYSE:XIN)

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