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

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

Xinyuan Real Estate Stock Performance

Shares of XIN opened at $1.62 on Friday. The company’s 50-day moving average price is $2.62 and its 200 day moving average price is $2.99. Xinyuan Real Estate has a 12-month low of $1.58 and a 12-month high of $7.05.

Institutional Investors Weigh In On Xinyuan Real Estate

An institutional investor recently bought a new position in Xinyuan Real Estate stock. Two Sigma Securities LLC acquired a new stake in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 quarter. Institutional investors 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.