The stock of Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) is a huge mover today! The stock increased 7.09% or $0.36 on November 23, hitting $5.4. Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) has risen 3.25% since April 22, 2016 and is uptrending. It has underperformed by 2.16% the S&P500.
The move comes after 8 months positive chart setup for the $378.45 million company. It was reported on Nov, 24 by Barchart.com. We have $5.78 PT which if reached, will make NYSE:XIN worth $26.49M more.
Analysts await Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) to report earnings on March, 7.
According to Zacks Investment Research, “Xinyuan Real Estate Co., Ltd. is a real estate developer and property manager primarily in China and recently in other countries. In China, the Company develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi’an, Suzhou, among others. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. The Company aims to provide comfortable and convenient real estate related products and services to middle-class consumers.”
More notable recent Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Prnewswire.com with their article: “Xinyuan Real Estate Co., Ltd. Announces Issuance of US$300 million of 8.125 …” published on August 30, 2016, Prnewswire.com published: “Xinyuan Real Estate Co., Ltd. Announces Third Quarter 2016 Financial Results” on November 14, 2016. More interesting news about Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) were released by: Prnewswire.com and their article: “Xinyuan Real Estate Co., Ltd. Completes Redemption of 13.25% Senior Notes due 2018” published on October 19, 2016 as well as Prnewswire.com‘s news article titled: “Xinyuan Real Estate Co., Ltd. Announces CFO Transition” with publication date: September 26, 2016.
XIN Company Profile
Xinyuan Real Estate Co., Ltd. (Xinyuan), incorporated on March 26, 2007, is a holding firm and conducts business primarily through its operating subsidiaries in China. The Company, along with its subsidiaries, is a real estate developer and property manager that primarily focuses on residential properties. Xinyuan is engaged in developing large scale residential projects, which consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment buildings. The Company’s divisions include property developments in Zhengzhou, Henan Province; property developments in Jinan, Shandong Province; property developments in Suzhou, Xuzhou and Kunshan, Jiangsu Province; property developments in Chengdu, Sichuan Province; property developments in Beijing; property developments in Sanya, Hainan Province; property developments in Changsha, Hunan Province; property developments in Shanghai; property developments in Tianjin; property developments in the United States, and other. The other segment relates to investment holdings, property management services, installation of intercom systems, landscaping, engineering and management, real estate sale, purchase and lease activities.
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