KE (NYSE:BEKE) Sets New 12-Month Low – Here’s What Happened

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) reached a new 52-week low on Monday . The company traded as low as $15.13 and last traded at $15.1280, with a volume of 369373 shares. The stock had previously closed at $15.32.

Wall Street Analysts Forecast Growth

BEKE has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research report on Friday. The Goldman Sachs Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Monday, February 2nd. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Finally, Barclays set a $23.00 price objective on shares of KE in a report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, KE currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.63.

KE Stock Performance

The business’s fifty day moving average price is $17.27 and its 200-day moving average price is $17.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.95 and a quick ratio of 3.02. The stock has a market capitalization of $17.10 billion, a PE ratio of 42.07, a P/E/G ratio of 2.56 and a beta of -0.62.

KE (NYSE:BEKE) last posted its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. KE had a net margin of 3.15% and a return on equity of 4.70%. The business had revenue of $3.17 billion for the quarter. As a group, equities research analysts expect that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current year.

KE Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th will be paid a $0.276 dividend. This represents a yield of 167.0%. The ex-dividend date is Wednesday, April 8th. KE’s dividend payout ratio is currently 61.11%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in KE during the fourth quarter valued at approximately $112,843,000. Athos Capital Ltd bought a new stake in shares of KE during the 3rd quarter worth $47,500,000. Ghisallo Capital Management LLC purchased a new position in KE in the third quarter worth $47,500,000. Invesco Ltd. boosted its holdings in shares of KE by 197.8% in the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock worth $42,957,000 after purchasing an additional 1,608,207 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in KE by 897.9% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,740,683 shares of the company’s stock worth $33,073,000 after buying an additional 1,566,253 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

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.