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

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $43.00.

CDRE has been the subject of several research analyst reports. Roth Mkm upped their target price on shares of Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. B. Riley Financial reaffirmed a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. Zacks Research upgraded shares of Cadre from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. CJS Securities upgraded Cadre to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $53.00 price target on shares of Cadre in a report on Wednesday, February 4th.

Hedge Funds Weigh In On Cadre

A number of hedge funds and other institutional investors have recently made changes to their positions in CDRE. Huntington National Bank raised its position in 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 in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Cadre by 585.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after buying an additional 832 shares in the last quarter. Assetmark Inc. lifted its position in shares of Cadre by 43.1% during 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 grew its position in Cadre by 400.0% in the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after acquiring an additional 1,200 shares during the period. Finally, State of Wyoming acquired a new position in Cadre during the fourth quarter worth $65,000. 43.95% of the stock is owned by institutional investors.

Cadre Stock Performance

Shares of NYSE CDRE opened at $42.75 on Thursday. Cadre has a 12 month low of $27.07 and a 12 month high of $46.64. The company has a market cap of $1.74 billion, a P/E ratio of 38.17, a P/E/G ratio of 1.43 and a beta of 1.36. The business’s 50 day moving average is $42.06 and its two-hundred day moving average is $38.90. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87.

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a $0.10 dividend. The ex-dividend date was Friday, January 30th. This is a positive change from Cadre’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. Cadre’s dividend payout ratio is currently 35.71%.

About Cadre

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.