Analysts Set KE Holdings Inc. (NYSE:BEKE) Target Price at $27.16

KE Holdings Inc. (NYSE:BEKE) has earned an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $27.16.

Several brokerages have issued reports on BEKE. UBS Group raised KE from a “neutral” rating to a “buy” rating and raised their target price for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. Jefferies Financial Group restated a “buy” rating on shares of KE in a research report on Tuesday, March 18th. Morgan Stanley increased 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. Wall Street Zen raised shares of KE from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citigroup decreased their target price on KE from $25.80 to $24.80 and set a “buy” rating on the stock in a report on Friday, May 16th.

KE Trading Down 2.3%

NYSE:BEKE opened at $18.56 on Monday. The company has a market cap of $22.43 billion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 3.45 and a beta of -0.76. The company has a 50 day simple moving average of $19.31 and a two-hundred day simple moving average of $19.45. KE has a 12 month low of $12.92 and a 12 month high of $26.05.

KE Increases Dividend

The firm also recently declared a — dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, April 9th. This is a boost from KE’s previous — dividend of $0.17. This represents a yield of 1.4%. KE’s dividend payout ratio (DPR) is currently 58.49%.

Institutional Trading of KE

Several institutional investors have recently made changes to their positions in the business. FIL Ltd boosted its stake in KE by 21.1% in the 4th quarter. FIL Ltd now owns 25,847,478 shares of the company’s stock worth $476,111,000 after purchasing an additional 4,503,902 shares during the period. Vanguard Group Inc. lifted its holdings in shares of KE by 3.8% in the first quarter. Vanguard Group Inc. now owns 25,331,813 shares of the company’s stock worth $508,916,000 after buying an additional 919,420 shares in the last quarter. Krane Funds Advisors LLC boosted its position in shares of KE by 12.9% during the first quarter. Krane Funds Advisors LLC now owns 14,915,812 shares of the company’s stock worth $299,659,000 after acquiring an additional 1,707,067 shares during the last quarter. Hhlr Advisors LTD. grew its stake in KE by 6.3% during the first quarter. Hhlr Advisors LTD. now owns 11,973,402 shares of the company’s stock valued at $240,546,000 after acquiring an additional 712,126 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in KE by 111,822,650.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company’s stock valued at $205,978,000 after acquiring an additional 11,182,265 shares during the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

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.