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

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

Xinyuan Real Estate Stock Up 5.3 %

Shares of XIN opened at $3.00 on Friday. The business’s 50 day moving average is $2.71 and its two-hundred day moving average is $3.15. Xinyuan Real Estate has a 52-week low of $2.24 and a 52-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 purchased a new stake in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 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 quarter. 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.