StockNews.com Initiates Coverage on Xinyuan Real Estate (NYSE:XIN)

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

Xinyuan Real Estate Price Performance

Shares of XIN stock opened at $2.86 on Friday. The stock’s 50-day simple moving average is $2.71 and its 200-day simple moving average is $3.15. Xinyuan Real Estate has a fifty-two week low of $2.24 and a fifty-two week 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 bought a new position in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 SEC filing. Institutional investors and hedge funds 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.