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

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

Xinyuan Real Estate Trading Up 0.2 %

XIN stock opened at $2.71 on Tuesday. The company has a 50 day simple moving average of $2.80 and a 200 day simple moving average of $3.16. Xinyuan Real Estate has a 1 year low of $2.24 and a 1 year 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 position in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the fourth quarter, according to its most recent Form 13F 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 about 0.19% of Xinyuan Real Estate at the end of the most recent reporting period. 0.04% of the stock is 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.