KE (NYSE:BEKE - Free Report) had its price objective upped by Morgan Stanley from $19.00 to $27.00 in a report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.
Separately, Barclays upped their price objective on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.26.
Check Out Our Latest Stock Report on KE
KE Stock Down 4.3 %
Shares of NYSE:BEKE traded down $0.93 during trading on Wednesday, reaching $20.63. 17,669,407 shares of the company traded hands, compared to its average volume of 9,353,196. The firm has a market capitalization 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 52 week low of $12.49 and a 52 week high of $26.05. The company's 50 day moving average is $19.98 and its two-hundred day moving average is $19.53.
KE Increases Dividend
The firm also recently declared a -- dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.36 per share. This represents a dividend yield of 1.4%. This is a boost from KE's previous -- dividend of $0.17. The ex-dividend date is Wednesday, April 9th. KE's dividend payout ratio is presently 75.00%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KE during the third quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in KE during the 4th quarter worth approximately $30,000. Principal Securities Inc. raised its stake in KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after buying an additional 1,664 shares during the period. Rakuten Securities Inc. grew its stake in KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after acquiring an additional 1,416 shares during the period. Finally, State of Wyoming bought a new stake in shares of KE during the fourth quarter valued at approximately $100,000. Institutional investors and hedge funds own 39.34% of the company's stock.
About KE
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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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