Cadre (NYSE:CDRE) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Cadre (NYSE:CDRE) in a research report released on Monday morning, MarketBeat.com reports. The firm issued an overweight rating and a $40.00 target price on the stock.

CDRE has been the topic of a number of other reports. Weiss Ratings lowered shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Zacks Research upgraded shares of Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. Jefferies Financial Group set a $40.00 price objective on shares of Cadre in a research report on Wednesday, May 13th. Finally, Roth Capital restated a “buy” rating and set a $40.00 target price on shares of Cadre in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.80.

Cadre Stock Performance

Cadre stock opened at $30.59 on Monday. Cadre has a fifty-two week low of $25.73 and a fifty-two week high of $48.76. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 34.37 and a beta of 1.33. The stock has a fifty day moving average of $29.64 and a two-hundred day moving average of $34.07. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a $0.10 dividend. The ex-dividend date is Friday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. Cadre’s dividend payout ratio (DPR) is presently 44.94%.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the company’s stock in a transaction dated 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 directly owned 9,617,039 shares in the company, valued at $263,795,379.77. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 175,000 shares of company stock worth $5,091,500 in the last ninety days. Corporate insiders own 30.10% of the company’s stock.

Institutional Trading of Cadre

A number of institutional investors have recently modified their holdings of the company. KBC Group NV acquired a new position in Cadre during the first quarter valued at approximately $41,000. Danske Bank A S increased its position in shares of Cadre by 400.0% in the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after acquiring an additional 1,200 shares in the last quarter. State of Wyoming purchased a new position in shares of Cadre in the 4th quarter valued at $65,000. Assetmark Inc. raised its stake in shares of Cadre by 34.6% in the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after acquiring an additional 483 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Cadre by 110.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock valued at $136,000 after acquiring an additional 2,246 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

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.