Xinyuan Real Estate (NYSE:XIN) Coverage Initiated by Analysts at StockNews.com

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

Xinyuan Real Estate Stock Performance

XIN stock opened at $2.84 on Monday. The firm’s 50-day moving average price is $2.80 and its two-hundred day moving average price is $3.16. Xinyuan Real Estate has a 12-month low of $2.24 and a 12-month high of $7.05.

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 purchased a new stake in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 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 reporting period. 0.04% of the stock is currently owned by hedge funds and other 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.