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

Investment analysts at StockNews.com began coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a report released on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Performance

Shares of XIN opened at $2.80 on Thursday. The stock has a 50 day moving average price of $2.86 and a 200 day moving average price of $3.18. Xinyuan Real Estate has a one year low of $2.00 and a one year high of $7.55.

Hedge Funds Weigh In On Xinyuan Real Estate

An institutional investor recently bought a new position in Xinyuan Real Estate stock. Atria Wealth Solutions Inc. bought a new position in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 478,629 shares of the financial services provider’s stock, valued at approximately $536,000. Atria Wealth Solutions Inc. owned approximately 0.90% of Xinyuan Real Estate at the end of the most recent quarter. Institutional investors own 0.90% 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.