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

Cadre (NYSE:CDRE) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other research analysts have also weighed in on CDRE. B. Riley Financial reaffirmed a “buy” rating on shares of Cadre in a research note on Thursday, November 6th. Roth Mkm upped their price objective on shares of Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th. Lake Street Capital reissued a “buy” rating and issued a $53.00 target price on shares of Cadre in a research report on Wednesday, February 4th. Finally, CJS Securities upgraded Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cadre has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Cadre Stock Performance

Shares of Cadre stock opened at $44.99 on Wednesday. Cadre has a 52 week low of $27.07 and a 52 week high of $48.76. The business’s fifty day simple moving average is $42.49 and its 200-day simple moving average is $39.88. The firm has a market cap of $1.83 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 1.53 and a beta of 1.34. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87.

Hedge Funds Weigh In On Cadre

Institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in Cadre in the fourth quarter valued at approximately $988,000. nVerses Capital LLC purchased a new stake in shares of Cadre in the 4th quarter valued at approximately $214,000. Voloridge Investment Management LLC purchased a new stake in shares of Cadre in the 4th quarter valued at approximately $243,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Cadre in the 4th quarter valued at $210,000. Finally, Millennium Management LLC lifted its position in shares of Cadre by 520.1% during the 4th quarter. Millennium Management LLC now owns 146,657 shares of the company’s stock worth $5,989,000 after purchasing an additional 123,008 shares during the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

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.