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

StockNews.com initiated coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Up 0.5 %

Shares of XIN opened at $2.57 on Friday. The business has a 50-day simple moving average of $2.58 and a two-hundred day simple moving average of $2.92. Xinyuan Real Estate has a 12-month low of $1.16 and a 12-month high of $7.05.

Institutional Investors Weigh In On Xinyuan Real Estate

An institutional investor recently bought a new position in Xinyuan Real Estate stock. Two Sigma Securities LLC bought a new position in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 10,390 shares of the financial services provider’s stock, valued at approximately $27,000. Two Sigma Securities LLC owned approximately 0.19% of Xinyuan Real Estate as of its most recent SEC filing. Hedge funds and other institutional investors own 0.04% of the company’s stock.

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.