KE (NYSE:BEKE) Sets New 12-Month Low – Here’s What Happened

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) reached a new 52-week low on Monday . The stock traded as low as $15.13 and last traded at $15.1280, with a volume of 369373 shares. The stock had previously closed at $15.32.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered KE from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. Barclays set a $23.00 price objective on KE in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a research report on Friday. Finally, The Goldman Sachs Group downgraded KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.63.

KE Stock Performance

The company has a current ratio of 2.95, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 2.56 and a beta of -0.62. The company’s 50-day simple moving average is $17.27 and its 200-day simple moving average is $17.44.

KE (NYSE:BEKE) last posted its quarterly earnings data on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. KE had a return on equity of 4.70% and a net margin of 3.15%.The firm had revenue of $3.17 billion during the quarter. On average, analysts expect that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current year.

KE Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th will be issued a dividend of $0.276 per share. This represents a dividend yield of 167.0%. The ex-dividend date is Wednesday, April 8th. KE’s dividend payout ratio is presently 61.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC boosted its stake in KE by 62.0% during the fourth quarter. Corient Private Wealth LLC now owns 20,350 shares of the company’s stock worth $320,000 after acquiring an additional 7,786 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of KE by 615.6% during the fourth quarter. XTX Topco Ltd now owns 122,161 shares of the company’s stock valued at $1,925,000 after purchasing an additional 105,091 shares during the period. DV Equities LLC bought a new position in shares of KE during the 4th quarter worth about $10,720,000. Lazard Asset Management LLC boosted its position in shares of KE by 26.7% during the 4th quarter. Lazard Asset Management LLC now owns 188,137 shares of the company’s stock worth $2,965,000 after purchasing an additional 39,666 shares in the last quarter. Finally, Laird Norton Wetherby Trust Company LLC acquired a new stake in shares of KE in the 4th quarter valued at about $292,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Company Profile

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.