StockNews.com initiated coverage on shares of Xinyuan Real Estate (NYSE:XIN – Free Report) in a report issued on Monday. The brokerage issued a hold rating on the financial services provider’s stock.
Xinyuan Real Estate Price Performance
Shares of XIN stock opened at $2.77 on Monday. Xinyuan Real Estate has a 12-month low of $2.24 and a 12-month high of $7.05. The firm has a fifty day moving average of $2.81 and a 200-day moving average of $3.16.
Hedge Funds 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 Xinyuan Real Estate Co., Ltd. (NYSE:XIN – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and 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 at the end of the most recent quarter. 0.04% of the stock is owned by 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.
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