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

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

Xinyuan Real Estate Stock Performance

XIN stock opened at $2.64 on Wednesday. The company’s 50 day moving average price is $2.49 and its 200 day moving average price is $2.79. Xinyuan Real Estate has a fifty-two week low of $1.16 and a fifty-two 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 bought a new stake in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,390 shares of the financial services provider’s stock, valued at approximately $27,000. Two Sigma Securities LLC owned about 0.19% of Xinyuan Real Estate at the end of the most recent reporting period. 0.04% of the stock is currently 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.