Brokerages Set KE Holdings Inc. (NYSE:BEKE) PT at $27.26

Shares of KE Holdings Inc. (NYSE:BEKE) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.26.

A number of equities research analysts have issued reports on BEKE shares. Morgan Stanley upped their price objective on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Jefferies Financial Group restated a “buy” rating on shares of KE in a research report on Tuesday, March 18th. Finally, UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $22.70 to $24.50 in a research report on Thursday, March 20th.

Institutional Trading of KE

Hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board raised its stake in shares of KE by 111,822,650.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company’s stock worth $205,978,000 after acquiring an additional 11,182,265 shares in the last quarter. Norges Bank purchased a new position in KE in the fourth quarter worth $130,167,000. Aspex Management HK Ltd purchased a new stake in shares of KE during the 4th quarter valued at $119,996,000. H Capital V GP L.P. purchased a new stake in shares of KE during the 4th quarter valued at $91,147,000. Finally, Nuveen Asset Management LLC boosted its position in shares of KE by 504.2% in the 4th quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company’s stock worth $103,949,000 after purchasing an additional 4,709,266 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Price Performance

Shares of BEKE opened at $20.22 on Friday. The stock has a market capitalization of $24.43 billion, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. KE has a 1 year low of $12.92 and a 1 year high of $26.05. The business’s 50 day simple moving average is $20.89 and its 200-day simple moving average is $19.88.

KE Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a yield of 1.4%. This is an increase from KE’s previous — dividend of $0.17. KE’s dividend payout ratio (DPR) is presently 64.58%.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.