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

KE Holdings Inc. (NYSE:BEKE) declared 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 dividend 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 Down 3.8 %

Shares of NYSE:BEKE traded down $0.89 during mid-day trading on Wednesday, reaching $22.39. 17,576,748 shares of the stock were exchanged, compared to its average volume of 9,255,015. The company has a market cap of $27.05 billion, a P/E ratio of 45.68, a P/E/G ratio of 3.45 and a beta of -0.82. KE has a one year low of $12.49 and a one year high of $26.05. The stock’s 50 day simple moving average is $19.68 and its 200-day simple moving average is $19.38.

Analysts Set New Price Targets

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

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.