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

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

Xinyuan Real Estate Price Performance

NYSE XIN opened at $2.60 on Tuesday. Xinyuan Real Estate has a 1-year low of $1.92 and a 1-year high of $6.51. The firm’s fifty day simple moving average is $2.72 and its 200-day simple moving average is $2.74.

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. purchased a new stake in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 reporting period. 0.04% of the stock is owned by institutional investors and hedge funds.

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.