Cadre Holdings, Inc. (NYSE:CDRE) Receives $39.75 Consensus Price Target from Brokerages

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.75.

A number of analysts have recently issued reports on CDRE shares. Jefferies Financial Group set a $40.00 price target on Cadre in a research report on Wednesday, May 13th. Wall Street Zen downgraded Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th. Roth Mkm reiterated a “buy” rating and set a $40.00 price target on shares of Cadre in a research report on Wednesday, May 13th. Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. Finally, Weiss Ratings downgraded Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th.

Cadre Stock Performance

Shares of CDRE opened at $27.66 on Wednesday. The company has a market cap of $1.18 billion, a PE ratio of 31.08 and a beta of 1.32. The company has a current ratio of 2.26, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average price of $30.00 and a 200-day moving average price of $36.40. Cadre has a 12-month low of $25.73 and a 12-month high of $48.76.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. Cadre’s dividend payout ratio (DPR) is currently 44.94%.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 100,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $30.03, for a total transaction of $3,003,000.00. Following the transaction, the chief executive officer directly owned 9,817,039 shares of the company’s stock, valued at approximately $294,805,681.17. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 175,000 shares of company stock worth $5,091,500. Company insiders own 30.10% of the company’s stock.

Hedge Funds Weigh In On Cadre

A number of large investors have recently modified their holdings of the company. Greenhouse Funds LLLP raised its holdings in shares of Cadre by 1.7% during the 3rd quarter. Greenhouse Funds LLLP now owns 2,789,410 shares of the company’s stock valued at $101,841,000 after buying an additional 46,145 shares in the last quarter. Reinhart Partners LLC. raised its holdings in shares of Cadre by 12.9% during the 4th quarter. Reinhart Partners LLC. now owns 2,170,349 shares of the company’s stock valued at $88,638,000 after buying an additional 247,458 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Cadre by 15.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after buying an additional 224,218 shares in the last quarter. State Street Corp raised its holdings in shares of Cadre by 6.7% during the 4th quarter. State Street Corp now owns 1,217,689 shares of the company’s stock valued at $49,730,000 after buying an additional 76,685 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Cadre by 30.6% during the 3rd quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock valued at $33,966,000 after buying an additional 217,864 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

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.