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

Xinyuan Real Estate logoInvestment analysts at StockNews.com initiated coverage on shares of Xinyuan Real Estate (NYSE:XIN – Get Rating) in a note issued to investors on Saturday. The brokerage sets a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Performance

Shares of NYSE XIN opened at $5.92 on Friday. Xinyuan Real Estate has a 1 year low of $2.95 and a 1 year high of $12.30. The firm’s 50 day moving average price is $4.94 and its 200 day moving average price is $4.89.

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. bought a new stake in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 quarter. 27.91% of the stock is currently owned by institutional investors and hedge funds.

About Xinyuan Real Estate

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Xinyuan Real Estate Co Ltd. is a holding company, which engages in the acquisition, investment, and development of real estate properties. It operates through the following geographical segments: Henan Province, Shandong Province, Jiangsu Province, Sichuan Province, Beijing, Hainan Province, Hunan Province, Shaanxi Province, Shanghai, Tianjin, Xinjiang, Zhuhai, and United States.

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