Xinyuan Real Estate (NYSE:XIN) Now Covered by Analysts at StockNews.com

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

Xinyuan Real Estate Stock Performance

XIN stock opened at $2.69 on Wednesday. Xinyuan Real Estate has a 52 week low of $2.24 and a 52 week high of $7.05. The firm’s 50-day moving average is $2.78 and its two-hundred day moving average is $3.15.

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 acquired a new stake in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the 4th quarter, according to the company in 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 about 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.

Xinyuan Real Estate Company Profile

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.