Xinyuan Real Estate (NYSE:XIN) Now Covered by Analysts at StockNews.com

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

Xinyuan Real Estate Trading Down 0.4 %

NYSE XIN opened at $2.66 on Wednesday. The stock has a 50-day simple moving average of $2.77 and a two-hundred day simple moving average of $3.14. Xinyuan Real Estate has a fifty-two week low of $2.24 and a fifty-two week 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 stake in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the 4th quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period. 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.