KE Holdings Inc. (NYSE:BEKE) Receives $27.26 Consensus PT from Analysts

KE Holdings Inc. (NYSE:BEKE - Get Free Report) has been given an average rating of "Moderate Buy" by the six brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $27.26.

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

KE Price Performance

NYSE BEKE traded down $0.60 on Wednesday, reaching $20.59. The company had a trading volume of 8,301,817 shares, compared to its average volume of 9,581,369. The business has a 50 day moving average of $20.39 and a two-hundred day moving average of $19.75. KE has a fifty-two week low of $12.49 and a fifty-two week high of $26.05. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 42.03, a P/E/G ratio of 3.45 and a beta of -0.82.

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KE Increases Dividend

The company also recently declared a -- dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.36 per share. This is an increase from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 9th. KE's dividend payout ratio is 64.58%.

Hedge Funds Weigh In On KE

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

About KE

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.