Cadre’s (CDRE) Buy Rating Reiterated at Roth Capital

Roth Capital reaffirmed their buy rating on shares of Cadre (NYSE:CDRE) in a research report released on Monday,Benzinga reports. The firm currently has a $43.00 target price on the stock, up from their prior target price of $40.00.

Several other equities research analysts have also weighed in on CDRE. UBS Group set a $43.00 target price on Cadre in a report on Monday. JPMorgan Chase & Co. increased their price target on Cadre from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Weiss Ratings lowered shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Zacks Research upgraded shares of Cadre from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Cadre Price Performance

NYSE CDRE opened at $33.72 on Monday. Cadre has a fifty-two week low of $25.73 and a fifty-two week high of $48.76. The stock’s 50-day moving average is $29.98 and its two-hundred day moving average is $33.31. The firm has a market cap of $1.44 billion, a P/E ratio of 39.67 and a beta of 1.32. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.14 and a quick ratio of 1.35.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The company 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, analysts anticipate that Cadre will post 1.45 earnings per share for the current fiscal year.

Cadre Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, July 31st. Cadre’s payout ratio is currently 47.06%.

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $27.43, for a total transaction of $1,371,500.00. Following the completion of the sale, the chief executive officer owned 9,617,039 shares in the company, valued at $263,795,379.77. This represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 175,000 shares of company stock worth $5,091,500. 30.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Cadre in the second quarter valued at approximately $83,730,000. Reinhart Partners LLC. increased its position in Cadre by 22.4% during the second quarter. Reinhart Partners LLC. now owns 2,738,373 shares of the company’s stock worth $78,071,000 after acquiring an additional 500,476 shares during the period. State Street Corp increased its position in Cadre by 6.7% during the fourth quarter. State Street Corp now owns 1,217,689 shares of the company’s stock worth $49,730,000 after acquiring an additional 76,685 shares during the period. GW&K Investment Management LLC raised its stake in Cadre by 6.3% during the 4th quarter. GW&K Investment Management LLC now owns 824,927 shares of the company’s stock valued at $33,690,000 after purchasing an additional 48,638 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Cadre by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 767,073 shares of the company’s stock valued at $23,530,000 after purchasing an additional 60,382 shares during the last quarter. 43.95% of the stock is owned by 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.