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

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

Xinyuan Real Estate Stock Performance

Shares of XIN stock opened at $1.62 on Friday. Xinyuan Real Estate has a twelve month low of $1.58 and a twelve month high of $7.05. The stock has a fifty day simple moving average of $2.62 and a two-hundred day simple moving average of $2.99.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Xinyuan Real Estate stock. Two Sigma Securities LLC purchased a new position in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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. 0.04% of the stock is currently owned by institutional investors and hedge funds.

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.