KE (NYSE:BEKE) Announces Quarterly Earnings Results

KE (NYSE:BEKE) released its quarterly earnings results on Tuesday. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.51, Briefing.com reports. KE had a net margin of 3.77% and a return on equity of 5.47%. The business’s revenue was down 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS.

KE Stock Down 0.1%

Shares of BEKE opened at $16.38 on Tuesday. KE has a 12 month low of $14.40 and a 12 month high of $20.98. The firm’s 50 day moving average is $16.55 and its 200-day moving average is $16.89. The stock has a market capitalization of $18.32 billion, a PE ratio of 39.00, a P/E/G ratio of 2.74 and a beta of -0.35. 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 Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th were issued a dividend of $0.276 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a dividend yield of 176.0%. KE’s dividend payout ratio (DPR) is currently 54.76%.

Institutional Trading of KE

Large investors have recently made changes to their positions in the company. Ion Asset Management Ltd. acquired a new stake in shares of KE during the 2nd quarter worth approximately $386,000. Brooklyn Investment Group boosted its position in shares of KE by 324.0% during the 3rd quarter. Brooklyn Investment Group now owns 19,558 shares of the company’s stock worth $372,000 after acquiring an additional 14,945 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of KE during the 3rd quarter worth approximately $302,000. Laird Norton Wetherby Trust Company LLC acquired a new stake in shares of KE during the 4th quarter worth approximately $292,000. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of KE during the 2nd quarter worth approximately $248,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BEKE shares. Griffin Securities set a $24.40 price target on shares of KE in a report on Wednesday, April 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a report on Friday, March 27th. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, May 4th. Wall Street Zen raised shares of KE from a “sell” rating to a “buy” rating in a report on Saturday. Finally, Barclays raised their target price on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.07.

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.