KE (NYSE:BEKE) Price Target Raised to $27.00 at Morgan Stanley

KE (NYSE:BEKE) had its price objective hoisted by Morgan Stanley from $19.00 to $27.00 in a research note released on Wednesday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Separately, Barclays increased their target price on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th.

KE Trading Down 3.8 %

NYSE:BEKE opened at $22.39 on Wednesday. KE has a 1-year low of $12.49 and a 1-year high of $26.05. The business’s 50-day moving average price is $19.80 and its two-hundred day moving average price is $19.41. The firm has a market capitalization of $27.05 billion, a price-to-earnings ratio of 45.68, a PEG ratio of 3.45 and a beta of -0.82.

KE Increases Dividend

The firm also recently declared a — dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a dividend yield of 1.4%. This is a positive change from KE’s previous — dividend of $0.17. KE’s dividend payout ratio (DPR) is currently 75.00%.

Institutional Investors Weigh In On KE

A number of hedge funds have recently modified their holdings of the business. FIL Ltd raised its position in shares of KE by 21.1% during the fourth quarter. FIL Ltd now owns 25,847,478 shares of the company’s stock worth $476,111,000 after purchasing an additional 4,503,902 shares during the period. Hhlr Advisors LTD. raised its position in shares of KE by 3.6% during the fourth quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company’s stock worth $207,433,000 after purchasing an additional 392,588 shares during the period. Canada Pension Plan Investment Board raised its position in shares of KE by 111,822,650.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company’s stock worth $205,978,000 after purchasing an additional 11,182,265 shares during the period. Renaissance Technologies LLC raised its position in shares of KE by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company’s stock worth $150,228,000 after purchasing an additional 194,800 shares during the period. Finally, Norges Bank acquired a new stake in shares of KE during the fourth quarter worth about $130,167,000. 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.