KE Holdings Inc. (NYSE:BEKE - Get Free Report) announced a -- dividend on Tuesday, March 18th, Wall Street Journal reports. Investors of record on Wednesday, April 9th will be paid a dividend of 0.36 per share on Friday, April 25th. This represents a yield of 1.4%. The ex-dividend date is Wednesday, April 9th. This is a 110.5% increase from KE's previous -- dividend of $0.17.
KE has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect KE to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 38.3%.
KE Trading Down 4.3 %
BEKE stock traded down $0.93 during trading on Friday, hitting $20.63. The company had a trading volume of 17,669,407 shares, compared to its average volume of 9,353,196. The stock has a market cap of $24.92 billion, a PE ratio of 42.09, a PEG ratio of 3.45 and a beta of -0.82. KE has a one year low of $12.49 and a one year high of $26.05. The business has a 50-day moving average of $19.98 and a 200-day moving average of $19.49.
Analyst Ratings Changes
BEKE has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday. UBS Group cut KE from a "buy" rating to a "neutral" rating and increased their price target for the stock from $22.70 to $24.50 in a report on Thursday. Finally, Barclays increased their price target on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.26.
Check Out Our Latest Analysis on BEKE
KE Company Profile
(
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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.
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