Xinyuan Real Estate (NYSE:XIN) Research Coverage Started at StockNews.com

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

Xinyuan Real Estate Stock Down 5.4 %

XIN opened at $2.88 on Friday. Xinyuan Real Estate has a 12 month low of $2.24 and a 12 month high of $7.05. The firm’s fifty day simple moving average is $2.72 and its 200 day simple moving average is $3.16.

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 acquired a new stake in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the 4th quarter, according to its most recent disclosure with the SEC. The fund 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. Hedge funds and other 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.