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

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

Xinyuan Real Estate Stock Performance

NYSE:XIN opened at $3.00 on Friday. The stock’s 50 day moving average price is $2.71 and its 200 day moving average price 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 bought a new position in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the fourth quarter, according to the company in its most recent disclosure 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 0.19% of Xinyuan Real Estate as of its most recent SEC filing. 0.04% of the stock is owned by hedge funds and other institutional investors.

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.