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

Stock analysts at StockNews.com initiated coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Price Performance

NYSE XIN opened at $2.84 on Monday. The business’s 50 day moving average price is $2.80 and its 200-day moving average price is $3.16. Xinyuan Real Estate has a fifty-two week low of $2.24 and a fifty-two week high of $7.05.

Hedge Funds Weigh In On Xinyuan Real Estate

An institutional investor recently bought a new position in Xinyuan Real Estate stock. Two Sigma Securities LLC acquired a new stake in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the fourth quarter, according to the company in its most recent 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 as of its most recent SEC filing. 0.04% of the stock is owned by institutional investors and hedge funds.

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.