Xinyuan Real Estate (NYSE:XIN) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research note issued on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Performance

NYSE:XIN opened at $2.91 on Friday. The business has a 50 day moving average of $2.76 and a 200 day moving average of $3.15. Xinyuan Real Estate has a 1-year low of $2.24 and a 1-year high of $7.05.

Institutional Trading of Xinyuan Real Estate

A hedge fund recently bought a new stake in Xinyuan Real Estate stock. Two Sigma Securities LLC purchased a new position in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,390 shares of the financial services provider’s stock, valued at approximately $27,000. Two Sigma Securities LLC owned 0.19% of Xinyuan Real Estate at the end of the most recent reporting period. 0.04% of the stock is owned by hedge funds and other institutional investors.

Xinyuan Real Estate Company Profile

Xinyuan Real Estate Co, Ltd., together with its subsidiaries, engages in residential real estate development and construction in the People's Republic of China, the United States, Malaysia, and the United Kingdom. The company develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, high-rise apartment buildings; auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools, as well as office, mixed-use, and commercial properties.