KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Given Average Rating of “Moderate Buy” by Analysts

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $23.0667.

Several equities research analysts recently commented on the company. Citigroup reissued a “buy” rating on shares of KE in a report on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research note on Friday, March 27th. Barclays lifted their price target on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday. Griffin Securities set a $24.40 price objective on KE in a research note on Wednesday, April 8th. Finally, UBS Group upgraded KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, May 12th.

KE Stock Down 0.1%

KE stock opened at $16.38 on Monday. KE has a 52 week low of $14.40 and a 52 week high of $20.98. The stock has a market cap of $18.32 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 2.74 and a beta of -0.35. The company’s 50-day moving average price is $16.55 and its two-hundred day moving average price is $16.89. The company has a current ratio of 3.12, a quick ratio of 2.95 and a debt-to-equity ratio of 0.01.

KE (NYSE:BEKE) last issued its quarterly earnings results on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $3.17 billion during the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. On average, analysts expect that KE will post 0.67 EPS for the current fiscal year.

KE Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th were issued a $0.276 dividend. This represents a yield of 176.0%. The ex-dividend date of this dividend was Wednesday, April 8th. KE’s dividend payout ratio is presently 54.76%.

Hedge Funds Weigh In On KE

Large investors have recently made changes to their positions in the business. Rovida Investment Management Ltd grew its stake in shares of KE by 9.1% in the 1st quarter. Rovida Investment Management Ltd now owns 600,000 shares of the company’s stock worth $8,982,000 after purchasing an additional 50,000 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in KE by 37.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock valued at $85,000 after purchasing an additional 1,543 shares during the last quarter. Quantinno Capital Management LP lifted its stake in KE by 86.7% during the first quarter. Quantinno Capital Management LP now owns 127,216 shares of the company’s stock valued at $1,904,000 after purchasing an additional 59,079 shares during the last quarter. Weiss Asset Management LP bought a new stake in KE during the first quarter worth approximately $2,592,000. Finally, Perseverance Asset Management International boosted its holdings in KE by 20.4% during the first quarter. Perseverance Asset Management International now owns 1,391,439 shares of the company’s stock worth $20,830,000 after buying an additional 236,000 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

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.