KE (NYSE:BEKE) Lowered to Neutral Rating by UBS Group

UBS Group lowered shares of KE (NYSE:BEKE) from a buy rating to a neutral rating in a research report released on Thursday morning, Marketbeat.com reports. They currently have $24.50 target price on the stock, up from their previous target price of $22.70.

A number of other equities analysts also recently weighed in on BEKE. Morgan Stanley upped their target price on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays upped their target price on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, November 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.26.

KE Trading Down 4.1 %

NYSE BEKE opened at $21.53 on Thursday. The stock’s 50-day moving average price is $19.90 and its two-hundred day moving average price is $19.42. The company has a market cap of $26.02 billion, a PE ratio of 43.95, a PEG ratio of 3.45 and a beta of -0.82. KE has a 1 year low of $12.49 and a 1 year high of $26.05.

KE Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a yield of 1.4%. This is an increase from KE’s previous — dividend of $0.17. KE’s dividend payout ratio is currently 75.00%.

Hedge Funds Weigh In On KE

A number of hedge funds have recently added to or reduced their stakes in the company. TT International Asset Management LTD bought a new stake in KE during the fourth quarter worth approximately $717,000. XTX Topco Ltd boosted its position in shares of KE by 324.8% in the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock valued at $2,345,000 after acquiring an additional 90,054 shares during the period. Headwater Capital Co Ltd bought a new stake in shares of KE in the fourth quarter valued at approximately $11,052,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of KE in the third quarter valued at approximately $530,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of KE in the third quarter valued at approximately $13,540,000. Institutional investors and hedge funds 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.