Cadre (NYSE:CDRE) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Cadre (NYSE:CDRE) from a strong sell rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.

Several other research analysts have also commented on the stock. Wall Street Zen lowered shares of Cadre from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 14th. Jefferies Financial Group set a $40.00 price objective on shares of Cadre in a research note on Wednesday, May 13th. Roth Mkm reiterated a “buy” rating and set a $40.00 price objective on shares of Cadre in a research note on Wednesday, May 13th. Weiss Ratings lowered shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, Lake Street Capital reiterated a “buy” rating and set a $53.00 price objective on shares of Cadre in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cadre has an average rating of “Moderate Buy” and an average price target of $39.75.

Cadre Price Performance

Shares of CDRE opened at $29.90 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26. The stock has a market capitalization of $1.28 billion, a PE ratio of 33.60, a PEG ratio of 1.01 and a beta of 1.32. The company has a 50 day moving average price of $30.63 and a 200-day moving average price of $37.50. Cadre has a fifty-two week low of $25.73 and a fifty-two week high of $48.76.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.20). The firm had revenue of $167.22 million for the quarter, compared to the consensus estimate of $182.94 million. Cadre had a return on equity of 12.39% and a net margin of 5.80%.The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 EPS. Equities analysts predict that Cadre will post 1.34 earnings per share for the current fiscal year.

Cadre Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. Cadre’s dividend payout ratio is presently 44.94%.

Insider Transactions at Cadre

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $31.40, for a total transaction of $3,140,000.00. Following the transaction, the chief executive officer owned 10,017,039 shares in the company, valued at approximately $314,535,024.60. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 30.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its stake in Cadre by 585.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock valued at $35,000 after purchasing an additional 832 shares in the last quarter. Huntington National Bank increased its stake in Cadre by 33.9% during the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock valued at $47,000 after purchasing an additional 325 shares in the last quarter. KBC Group NV acquired a new position in Cadre during the 1st quarter valued at approximately $41,000. Danske Bank A S increased its stake in Cadre by 400.0% during 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. Finally, State of Wyoming acquired a new position in Cadre during the 4th quarter valued at approximately $65,000. 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.