KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.6333.

Several equities research analysts recently issued reports on the stock. Barclays set a $23.00 target price on shares of KE in a research note on Thursday, February 19th. The Goldman Sachs Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Monday, February 2nd. Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of KE in a report on Friday, March 27th.

KE Price Performance

Shares of BEKE opened at $14.79 on Friday. 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 company’s fifty day simple moving average is $16.96 and its 200 day simple moving average is $17.28. KE has a 1-year low of $14.40 and a 1-year high of $22.25. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 41.07, a PEG ratio of 2.47 and a beta of -0.53.

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

KE Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Friday, April 24th. Stockholders 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 payout ratio is currently 86.11%.

Institutional Investors Weigh In On KE

Institutional investors have recently modified their holdings of the business. Bayforest Capital Ltd bought a new stake in KE in the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after purchasing an additional 1,750 shares during the period. Strs Ohio bought a new position in shares of KE during the first quarter worth approximately $44,000. Allworth Financial LP raised its position in shares of KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after buying an additional 2,089 shares in the last quarter. Finally, Franchise GP Ltd acquired a new stake in shares of KE in the fourth quarter valued at approximately $63,000. Institutional investors 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.