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

Shares of KE Holdings Inc. (NYSE:BEKE) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.26.

Several brokerages have commented on BEKE. Morgan Stanley boosted their price objective on shares of 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 reissued a “buy” rating on shares of KE in a report on Tuesday, March 18th. Finally, UBS Group lowered KE from a “buy” rating to a “neutral” rating and raised their price objective for the company from $22.70 to $24.50 in a research note on Thursday, March 20th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BEKE. QRG Capital Management Inc. lifted its stake in KE by 5.1% during the 4th quarter. QRG Capital Management Inc. now owns 14,395 shares of the company’s stock valued at $265,000 after acquiring an additional 703 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of KE by 8.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock valued at $173,000 after acquiring an additional 762 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of KE by 42.3% during 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 last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KE during the third quarter valued at approximately $30,000. Finally, SBI Securities Co. Ltd. bought a new stake in KE during the fourth quarter worth $30,000. 39.34% of the stock is owned by institutional investors.

KE Trading Down 2.8 %

NYSE:BEKE opened at $20.59 on Wednesday. The stock has a 50 day simple moving average of $20.39 and a 200 day simple moving average of $19.67. The stock has a market cap of $24.88 billion, a P/E ratio of 42.03, a PEG ratio of 3.45 and a beta of -0.82. KE has a 1-year low of $12.49 and a 1-year high of $26.05.

KE Increases Dividend

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

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.