Cadre (NYSE:CDRE) Earns Buy Rating from Roth Capital

Cadre (NYSE:CDRE)‘s stock had its “buy” rating reissued by analysts at Roth Capital in a note issued to investors on Monday,Benzinga reports. They presently have a $43.00 target price on the stock, up from their previous target price of $40.00. Roth Capital’s target price points to a potential upside of 31.11% from the company’s current price.

Several other equities research analysts have also weighed in on CDRE. Weiss Ratings lowered Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. UBS Group set a $43.00 target price on shares of Cadre in a research note on Monday. Jefferies Financial Group reissued a “buy” rating and issued a $43.00 price objective on shares of Cadre in a research note on Sunday. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research raised shares of Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.17.

Cadre Stock Performance

Shares of Cadre stock traded down $0.02 during trading hours on Monday, reaching $32.80. The company’s stock had a trading volume of 163,364 shares, compared to its average volume of 371,858. Cadre has a one year low of $25.73 and a one year high of $48.76. The company’s 50 day simple moving average is $29.78 and its 200 day simple moving average is $33.53. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14. The stock has a market cap of $1.40 billion, a P/E ratio of 38.50 and a beta of 1.32.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Cadre had a net margin of 5.26% and a return on equity of 12.02%. The business had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. As a group, analysts expect that Cadre will post 1.47 EPS for the current fiscal year.

Insider Activity

In other news, CEO Warren B. Kanders sold 50,000 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $27.43, for a total transaction of $1,371,500.00. Following the completion of the sale, the chief executive officer directly owned 9,617,039 shares of the company’s stock, valued at $263,795,379.77. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 175,000 shares of company stock worth $5,091,500 over the last quarter. 30.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Cadre

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Cadre in the second quarter valued at $83,730,000. Jane Street Group LLC acquired a new position in Cadre during the fourth quarter valued at $22,875,000. Reinhart Partners LLC. lifted its stake in Cadre by 22.4% in the 2nd quarter. Reinhart Partners LLC. now owns 2,738,373 shares of the company’s stock worth $78,071,000 after acquiring an additional 500,476 shares in the last quarter. Fred Alger Management LLC lifted its stake in Cadre by 46.8% in the 4th quarter. Fred Alger Management LLC now owns 623,730 shares of the company’s stock worth $25,473,000 after acquiring an additional 198,750 shares in the last quarter. Finally, Agman Capital LLC acquired a new stake in Cadre during the 4th quarter worth about $7,364,000. Hedge funds and other institutional investors 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.