Xinyuan Real Estate (NYSE:XIN) Earns Hold Rating from Analysts at StockNews.com

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

Xinyuan Real Estate Price Performance

Xinyuan Real Estate stock opened at $2.66 on Wednesday. The business has a fifty day moving average price of $2.77 and a 200-day moving average price of $3.14. 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 purchased a new stake in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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. Institutional investors and hedge funds own 0.04% of the company’s stock.

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.