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

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

Xinyuan Real Estate Trading Down 2.3 %

NYSE XIN opened at $2.82 on Friday. Xinyuan Real Estate has a twelve month low of $2.24 and a twelve month high of $7.05. The stock has a fifty day simple moving average of $2.76 and a 200-day simple moving average of $3.16.

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 bought a new stake in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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. Institutional investors and hedge funds own 0.04% of the company’s stock.

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.