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

Stock 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 Up 1.3 %

NYSE XIN opened at $2.69 on Tuesday. The stock’s 50-day moving average price is $2.72 and its 200-day moving average price is $2.75. Xinyuan Real Estate has a 52 week low of $1.92 and a 52 week high of $6.51.

Institutional Inflows and Outflows

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