Cadre (NYSE:CDRE) Price Target Raised to $45.00 at JPMorgan Chase & Co.

Cadre (NYSE:CDRE) had its target price hoisted by JPMorgan Chase & Co. from $40.00 to $45.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 34.65% from the stock’s current price.

A number of other equities analysts also recently commented on CDRE. Roth Capital reissued a “buy” rating and issued a $40.00 target price on shares of Cadre in a research note on Wednesday, May 13th. Jefferies Financial Group set a $40.00 price objective on Cadre in a research report on Wednesday, May 13th. Weiss Ratings downgraded Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Finally, Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.80.

Cadre Trading Down 4.6%

CDRE stock traded down $1.60 during trading on Friday, reaching $33.42. 136,280 shares of the stock traded hands, compared to its average volume of 370,849. The firm has a market capitalization of $1.43 billion, a PE ratio of 39.30 and a beta of 1.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.26 and a quick ratio of 1.33. The business’s 50 day moving average price is $29.74 and its 200-day moving average price is $33.61. Cadre has a 52-week low of $25.73 and a 52-week high of $48.76.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $207.13 million for the quarter, compared to analyst estimates of $178.29 million. Cadre had a return on equity of 12.16% and a net margin of 5.26%. As a group, sell-side analysts forecast that Cadre will post 1.47 earnings per share for the current year.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $30.03, for a total value of $3,003,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,817,039 shares of the company’s stock, valued at $294,805,681.17. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 175,000 shares of company stock valued at $5,091,500. Corporate insiders own 30.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. KBC Group NV purchased a new position in Cadre in the first quarter valued at about $41,000. Assetmark Inc. increased its holdings in Cadre by 34.6% during the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after purchasing an additional 483 shares during the last quarter. Danske Bank A S raised its position in shares of Cadre by 400.0% in the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after purchasing an additional 1,200 shares in the last quarter. State of Wyoming acquired a new position in shares of Cadre in the 2nd quarter valued at approximately $61,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Cadre by 110.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock valued at $136,000 after buying an additional 2,246 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Company Profile

Cadre (NYSE:CDRE) is a technology‐driven real estate investment platform that offers accredited and institutional investors direct access to institutional‐grade commercial properties. Established in 2014, Cadre leverages a data-centric approach to identify, underwrite and manage investments in multifamily, office, retail and industrial assets across major U.S. markets. The firm’s platform is designed to streamline the investment process, from deal sourcing and due diligence to ongoing asset management and reporting.

Through its online marketplace, Cadre provides a curated selection of equity and preferred equity offerings, allowing investors to participate in individual properties or diversify across a managed portfolio.