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

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

Xinyuan Real Estate Stock Down 3.9 %

NYSE:XIN opened at $2.71 on Tuesday. The company has a 50-day moving average of $2.79 and a 200 day moving average of $3.15. Xinyuan Real Estate has a 1-year low of $2.24 and a 1-year high of $7.05.

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 shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 and hedge funds 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.