Cadre (NYSE:CDRE) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Cadre (NYSE:CDRE) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

A number of other research analysts have also recently weighed in on CDRE. Lake Street Capital reiterated a “buy” rating and issued a $53.00 target price on shares of Cadre in a research note on Wednesday. Roth Mkm boosted their price objective on Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday. CJS Securities raised shares of Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research upgraded Cadre from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, B. Riley Financial reissued a “buy” rating on shares of Cadre in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cadre currently has an average rating of “Buy” and a consensus price target of $43.00.

Cadre Stock Performance

NYSE CDRE opened at $41.63 on Friday. Cadre has a 12-month low of $27.07 and a 12-month high of $46.64. The company has a market cap of $1.69 billion, a P/E ratio of 37.17, a PEG ratio of 1.40 and a beta of 1.36. The company has a fifty day simple moving average of $42.20 and a 200 day simple moving average of $38.41. The company has a current ratio of 3.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.87.

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, January 30th. This is a positive change from Cadre’s previous quarterly dividend of $0.10. Cadre’s dividend payout ratio is 35.71%.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 86,903 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $39.00, for a total value of $3,389,217.00. Following the completion of the transaction, the chief executive officer owned 10,129,289 shares of the company’s stock, valued at approximately $395,042,271. The trade was a 0.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 31.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CDRE. Huntington National Bank boosted its position in shares of Cadre by 48.4% in the second quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after purchasing an additional 313 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Cadre by 585.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock valued at $35,000 after buying an additional 832 shares in the last quarter. Assetmark Inc. boosted its holdings in Cadre by 43.1% in the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after buying an additional 420 shares during the period. Danske Bank A S increased its stake in Cadre by 400.0% in the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after buying an additional 1,200 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Cadre during the third quarter valued at about $74,000. Hedge funds and other institutional investors 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.