Real Estate Investing For Beginners: 11 Best Stocks To Buy

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7. KE Holdings Inc. (NYSE:BEKE)

Number of Hedge Fund Holders: 43

KE Holdings Inc. (NYSE:BEKE) operates Beike, an integrated online and offline platform for housing transactions and services in China which was launched in 2018. It also owns and operates Lianjia, China’s leading real estate brokerage brand which is an integral part of the Beike platform.  The company operates through segments including Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.

KE Holdings Inc. (NYSE:BEKE) serves as a pioneer in building the infrastructure and standards to reinvent how service providers and customers complete housing transactions in China including existing and new home sales, home rentals, home renovation and furnishing, and other services. The firm’s industry experience remains strong as well. Since its founding in 2001, it has over 21 years of solid operating experience through Lianjia. Furthermore, the firm has a robust balance sheet with healthy cash inflows.

For the fiscal second quarter of 2024, the company was capable of delivering results that exceeded the market performance. Total net revenues were up 19.9% year-over-year. Net revenues from existing home transaction services increased by 14.3% over the year. Non-housing transaction services also accelerated with net revenues from home renovation and furnishing business increasing 53.9% and home rental services climbing 167.1%, year-over-year. Net income rose 46.2% year-over-year which demonstrates resilient profitability.

With the significant optimistic potential of the overall business in the form of growth in home transaction services, home renovation and furnishing, and home rental services, the future of KE Holdings Inc. (NYSE:BEKE) looks promising. As of 2024’s second quarter, the stock is held by 43 hedge funds.

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