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

Investment analysts at StockNews.com initiated coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Up 1.9 %

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

Institutional Investors Weigh In On Xinyuan Real Estate

An institutional investor recently bought a new position in Xinyuan Real Estate stock. Atria Wealth Solutions Inc. bought a new stake in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 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.