Brokerages Set KE Holdings Inc. (NYSE:BEKE) Target Price at $27.26

Shares of KE Holdings Inc. (NYSE:BEKE - Get Free Report) have been given an average recommendation of "Buy" by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is $27.16.

A number of research analysts recently commented on the company. Citigroup lowered their price objective on KE from $25.80 to $24.80 and set a "buy" rating for the company in a research note on Friday. Morgan Stanley increased their price target on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. UBS Group raised KE from a "neutral" rating to a "buy" rating and increased their price target for the stock from $22.10 to $23.00 in a research note on Friday. Finally, Jefferies Financial Group reissued a "buy" rating on shares of KE in a research note on Tuesday, March 18th.

KE Stock Down 1.9%

Shares of BEKE traded down $0.37 during trading on Thursday, reaching $18.69. The company's stock had a trading volume of 461,553 shares, compared to its average volume of 9,382,183. The company has a fifty day moving average of $20.25 and a two-hundred day moving average of $19.69. KE has a twelve month low of $12.92 and a twelve month high of $26.05. The company has a market cap of $22.58 billion, a price-to-earnings ratio of 38.03, a P/E/G ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of KE in the 4th quarter valued at $30,000. GAMMA Investing LLC acquired a new position in shares of KE in the 1st quarter valued at $34,000. Principal Securities Inc. boosted its position in shares of KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after purchasing an additional 1,664 shares during the period. Wealthquest Corp acquired a new position in shares of KE in the 1st quarter valued at $79,000. Finally, Rakuten Securities Inc. lifted its stake in KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after acquiring an additional 1,416 shares in the last quarter. Institutional investors own 39.34% of the company's stock.

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.