Xinyuan Real Estate (NYSE:XIN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a report released on Tuesday morning. The firm issued a hold rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Up 1.8%

Shares of NYSE XIN opened at $2.79 on Tuesday. The firm’s fifty day moving average is $2.50 and its 200 day moving average is $2.82. Xinyuan Real Estate has a 52 week low of $1.16 and a 52 week high of $7.05.

Institutional Investors Weigh In On Xinyuan Real Estate

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) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent quarter. 0.04% of the stock is owned by institutional investors and hedge funds.

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.