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

StockNews.com started coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research note published on Tuesday morning. The firm issued a hold rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Performance

XIN opened at $2.65 on Tuesday. The company’s fifty day moving average price is $2.79 and its two-hundred day moving average price is $3.15. Xinyuan Real Estate has a 1-year low of $2.24 and a 1-year high of $7.05.

Institutional Trading of 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 Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,390 shares of the financial services provider’s stock, valued at approximately $27,000. Two Sigma Securities LLC owned approximately 0.19% of Xinyuan Real Estate at the end of the most recent reporting period. Institutional investors own 0.04% of the company’s stock.

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.