Cadre (NYSE:CDRE) Cut to “Hold” at Zacks Research

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

CDRE has been the subject of several other research reports. Roth Mkm raised their price target on Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Lake Street Capital restated a “buy” rating and set a $53.00 target price on shares of Cadre in a research note on Wednesday, February 4th. Wall Street Zen raised shares of Cadre from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. Finally, B. Riley Financial restated a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Cadre Price Performance

NYSE:CDRE opened at $44.99 on Wednesday. Cadre has a 12-month low of $27.07 and a 12-month high of $48.76. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 40.17, a P/E/G ratio of 1.53 and a beta of 1.34. The stock’s 50 day moving average price is $42.49 and its two-hundred day moving average price is $39.88. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Huntington National Bank raised 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 valued at $31,000 after buying an additional 313 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Cadre by 585.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock valued at $35,000 after acquiring an additional 832 shares in the last quarter. Assetmark Inc. raised its holdings in Cadre by 43.1% in the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock valued at $44,000 after acquiring an additional 420 shares in the last quarter. Danske Bank A S lifted its position in shares of Cadre by 400.0% during the 4th 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 stake in shares of Cadre during the 4th quarter worth $65,000. 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.