KE Holdings Inc. (NYSE:BEKE) Receives $27.26 Consensus Price Target from Brokerages

KE Holdings Inc. (NYSE:BEKE) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $27.26.

A number of analysts have recently weighed in on BEKE shares. Morgan Stanley upped their target price 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. Jefferies Financial Group reaffirmed a “buy” rating on shares of KE in a research note on Tuesday, March 18th. Finally, UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and lifted their target price for the company from $22.70 to $24.50 in a report on Thursday, March 20th.

Institutional Investors Weigh In On KE

Institutional investors and hedge funds have recently made changes to their positions in the company. FIL Ltd lifted its position in KE by 21.1% during the fourth quarter. FIL Ltd now owns 25,847,478 shares of the company’s stock valued at $476,111,000 after purchasing an additional 4,503,902 shares during the period. Hhlr Advisors LTD. boosted its holdings in shares of KE by 3.6% in the fourth quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company’s stock worth $207,433,000 after buying an additional 392,588 shares during the last quarter. Canada Pension Plan Investment Board grew its position 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 valued at $205,978,000 after buying an additional 11,182,265 shares during the period. Renaissance Technologies LLC grew its position in KE by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company’s stock valued at $150,228,000 after buying an additional 194,800 shares during the period. Finally, Norges Bank purchased a new stake in KE during the fourth quarter valued at approximately $130,167,000. Institutional investors own 39.34% of the company’s stock.

KE Price Performance

Shares of KE stock opened at $20.59 on Wednesday. KE has a one year low of $12.49 and a one year high of $26.05. The stock has a market capitalization of $24.88 billion, a P/E ratio of 42.03, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The business’s 50 day simple moving average is $20.39 and its two-hundred day simple moving average is $19.67.

KE Increases Dividend

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