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

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

Xinyuan Real Estate Trading Up 0.6 %

NYSE XIN opened at $2.69 on Wednesday. Xinyuan Real Estate has a twelve month low of $2.24 and a twelve month high of $7.05. The firm has a 50-day simple moving average of $2.78 and a 200 day simple moving average of $3.14.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Xinyuan Real Estate stock. Two Sigma Securities LLC acquired a new stake in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.04% of the company’s stock.

About Xinyuan Real Estate

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.