KE (NYSE:BEKE) Hits New 52-Week Low – What’s Next?

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) reached a new 52-week low during trading on Monday . The company traded as low as $15.18 and last traded at $15.6150, with a volume of 950391 shares traded. The stock had previously closed at $15.88.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a report on Sunday. 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 report on Monday, February 2nd. Finally, Barclays set a $23.00 price target on KE in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.63.

KE Trading Up 0.1%

The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 42.89, a price-to-earnings-growth ratio of 2.57 and a beta of -0.62. The firm’s 50 day moving average is $17.39 and its 200 day moving average is $17.53. The company has a quick ratio of 3.02, a current ratio of 2.95 and a debt-to-equity ratio of 0.01.

KE Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th will be paid a dividend of $0.276 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a dividend yield of 167.0%. KE’s dividend payout ratio (DPR) is currently 86.11%.

Institutional Investors Weigh In On KE

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of KE in the 4th quarter valued at $112,843,000. Athos Capital Ltd acquired a new stake in KE during the 3rd quarter worth about $47,500,000. Ghisallo Capital Management LLC purchased a new stake in KE during the third quarter valued at about $47,500,000. Invesco Ltd. lifted its stake in KE by 197.8% during the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after buying an additional 1,608,207 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of KE by 897.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,740,683 shares of the company’s stock worth $33,073,000 after buying an additional 1,566,253 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

About KE

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.