KE Holdings Inc. (NYSE:BEKE) Announces Dividend Increase – $0.36 Per Share

KE Holdings Inc. (NYSE:BEKE) announced a — dividend on Tuesday, March 18th, Wall Street Journal reports. Investors of record on Wednesday, April 9th will be given a dividend of 0.36 per share on Tuesday, April 22nd. This represents a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a 110.5% increase from KE’s previous — dividend of $0.17.

KE Stock Performance

NYSE:BEKE traded down $0.89 during mid-day trading on Wednesday, hitting $22.39. 17,576,748 shares of the stock were exchanged, compared to its average volume of 9,255,015. The stock has a market capitalization of $27.05 billion, a price-to-earnings ratio of 45.68, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The firm’s 50-day simple moving average is $19.68 and its 200 day simple moving average is $19.38. KE has a fifty-two week low of $12.49 and a fifty-two week high of $26.05.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays lifted their price target on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Morgan Stanley lifted their price target on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday.

KE Company Profile

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.