Cadre (NYSE:CDRE) Stock Price Expected to Rise, DA Davidson Analyst Says

Cadre (NYSE:CDRE) had its price target lifted by research analysts at DA Davidson from $40.00 to $43.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. DA Davidson’s price target suggests a potential upside of 32.88% from the stock’s current price.

Several other research analysts have also recently issued reports on CDRE. Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group restated a “buy” rating and set a $43.00 target price on shares of Cadre in a research report on Sunday. UBS Group set a $43.00 price target on shares of Cadre in a research note on Monday. Zacks Research upgraded shares of Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cadre from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cadre has a consensus rating of “Moderate Buy” and an average price target of $42.29.

Cadre Stock Performance

CDRE traded down $0.46 during trading on Monday, reaching $32.36. The company’s stock had a trading volume of 177,746 shares, compared to its average volume of 372,012. 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 company’s fifty day moving average price is $29.78 and its 200-day moving average price is $33.53. Cadre has a 52-week low of $25.73 and a 52-week high of $48.76. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 38.41 and a beta of 1.32.

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

Insider Buying and Selling

In other Cadre 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 value of $1,371,500.00. Following the sale, the chief executive officer owned 9,617,039 shares of the company’s stock, valued at approximately $263,795,379.77. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 175,000 shares of company stock worth $5,091,500 in the last quarter. 30.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Cadre in the 2nd quarter worth about $83,730,000. Deutsche Bank AG purchased a new position in Cadre during the 2nd quarter valued at about $960,000. Bank of New York Mellon Corp acquired a new position in Cadre during the second quarter worth about $5,082,000. State of Wyoming acquired a new position in Cadre during the second quarter worth about $61,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Cadre by 5.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 91,380 shares of the company’s stock valued at $2,605,000 after purchasing an additional 4,386 shares in 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.