Cadre Holdings, Inc. (NYSE:CDRE) Receives Average Rating of “Moderate Buy” from Brokerages

Cadre Holdings, Inc. (NYSE:CDRE) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $45.00.

A number of research firms have commented on CDRE. JPMorgan Chase & Co. increased their price objective on shares of Cadre from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and set a $43.00 target price on shares of Cadre in a research note on Sunday, August 9th. UBS Group set a $43.00 price objective on shares of Cadre in a report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a research report on Monday, August 17th. Finally, Roth Capital reissued a “buy” rating and set a $43.00 target price (up from $40.00) on shares of Cadre in a research note on Monday, August 10th.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $33.36, for a total value of $3,336,000.00. Following the completion of the transaction, the chief executive officer owned 9,517,039 shares of the company’s stock, valued at $317,488,421.04. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 275,000 shares of company stock worth $8,427,500 in the last ninety days. Insiders own 30.10% of the company’s stock.

Hedge Funds Weigh In On Cadre

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

Cadre Stock Up 0.2%

CDRE opened at $30.81 on Monday. 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 capitalization of $1.32 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 1.03 and a beta of 1.32. The company has a fifty day moving average of $30.80 and a two-hundred day moving average of $32.60. Cadre has a fifty-two week low of $25.73 and a fifty-two week high of $48.76.

Cadre (NYSE:CDRE) last announced its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $207.13 million for the quarter, compared to analyst estimates of $178.29 million. Cadre had a return on equity of 12.02% and a net margin of 5.26%. On average, research analysts expect that Cadre will post 1.33 earnings per share for the current year.

Cadre Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, July 31st. Cadre’s dividend payout ratio is 47.06%.

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.