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 Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Trading Up 1.3 %

Shares of XIN stock opened at $2.69 on Tuesday. The business’s 50 day moving average is $2.72 and its two-hundred day moving average is $2.75. Xinyuan Real Estate has a 12-month low of $1.92 and a 12-month high of $6.51.

Hedge Funds Weigh In On Xinyuan Real Estate

A hedge fund recently bought a new stake in Xinyuan Real Estate stock. Atria Wealth Solutions Inc. purchased a new position in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 478,629 shares of the financial services provider’s stock, valued at approximately $536,000. Atria Wealth Solutions Inc. owned approximately 0.90% of Xinyuan Real Estate at the end of the most recent quarter. 0.04% of the stock is 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.