Xinyuan Real Estate (NYSE:XIN) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research report released on Tuesday morning. The firm issued a hold rating on the financial services provider’s stock.

Xinyuan Real Estate Trading Down 3.2 %

Shares of XIN stock opened at $2.60 on Tuesday. The stock has a 50 day moving average of $2.72 and a two-hundred day moving average of $2.75. Xinyuan Real Estate has a 12 month low of $1.92 and a 12 month high of $6.51.

Institutional Trading of Xinyuan Real Estate

An institutional investor recently bought a new position in Xinyuan Real Estate stock. Atria Wealth Solutions Inc. acquired a new position in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 478,629 shares of the financial services provider’s stock, valued at approximately $536,000. Atria Wealth Solutions Inc. owned 0.90% of Xinyuan Real Estate at the end of the most recent quarter. 0.04% of the stock is currently owned by hedge funds and other institutional investors.

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.