KE Holdings Inc. (NYSE:BEKE) Given Average Rating of "Buy" by Analysts

Shares of KE Holdings Inc. (NYSE:BEKE - Get Free Report) have received an average rating of "Buy" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $27.16.

Several brokerages have recently commented on BEKE. Morgan Stanley boosted their price objective on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. UBS Group raised KE from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $22.10 to $23.00 in a report on Friday, May 16th. Citigroup cut their price objective on KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday, May 16th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of KE in a report on Tuesday, March 18th.

Institutional Investors Weigh In On KE

Large investors have recently added to or reduced their stakes in the company. Savant Capital LLC grew its stake in shares of KE by 26.9% during the fourth quarter. Savant Capital LLC now owns 13,153 shares of the company's stock valued at $242,000 after buying an additional 2,789 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of KE by 32.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 77,676 shares of the company's stock valued at $1,387,000 after buying an additional 18,918 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of KE by 15.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 108,084 shares of the company's stock valued at $1,998,000 after buying an additional 14,642 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of KE by 3,315.0% during the fourth quarter. Vontobel Holding Ltd. now owns 944,667 shares of the company's stock valued at $17,401,000 after buying an additional 917,005 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of KE by 10.8% during the fourth quarter. Rhumbline Advisers now owns 95,376 shares of the company's stock valued at $1,757,000 after buying an additional 9,330 shares during the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Price Performance

NYSE:BEKE opened at $18.80 on Monday. The company has a market cap of $22.72 billion, a P/E ratio of 38.37, a P/E/G ratio of 3.45 and a beta of -0.76. The stock's fifty day moving average price is $19.35 and its two-hundred day moving average price is $19.45. KE has a 1 year low of $12.92 and a 1 year high of $26.05.

KE Increases Dividend

The company also recently declared a -- dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were given a dividend of $0.36 per share. This is an increase from KE's previous -- dividend of $0.17. The ex-dividend date was Wednesday, April 9th. This represents a yield of 1.4%. KE's dividend payout ratio (DPR) is presently 58.49%.

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.

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