Cadre Holdings, Inc. (NYSE:CDRE) Receives $43.00 Average Price Target from Analysts

Cadre Holdings, Inc. (NYSE:CDRE) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $43.00.

Several equities research analysts recently weighed in on CDRE shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th. Lake Street Capital reissued a “buy” rating and issued a $53.00 target price on shares of Cadre in a report on Wednesday, February 4th. Zacks Research cut shares of Cadre from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Wall Street Zen lowered shares of Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday. Finally, Roth Mkm lifted their price objective 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.

Cadre Trading Down 0.9%

Shares of NYSE:CDRE opened at $31.67 on Monday. The business’s 50 day simple moving average is $42.07 and its 200 day simple moving average is $40.21. Cadre has a 1 year low of $27.07 and a 1 year high of $48.76. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.50 and a quick ratio of 2.58. The company has a market capitalization of $1.35 billion, a P/E ratio of 29.60, a P/E/G ratio of 1.12 and a beta of 1.34.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). The company had revenue of $167.22 million during the quarter, compared to analyst estimates of $182.94 million. Cadre had a net margin of 7.23% and a return on equity of 13.50%. Cadre’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 earnings per share. On average, research analysts anticipate that Cadre will post 1.05 EPS for the current fiscal year.

Cadre Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, January 30th. This is a positive change from Cadre’s previous quarterly dividend of $0.10. Cadre’s dividend payout ratio is 37.38%.

Institutional Trading of Cadre

Several institutional investors and hedge funds have recently modified their holdings of CDRE. Huntington National Bank boosted its stake in 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 stake in Cadre by 585.9% during the third quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after acquiring an additional 832 shares in the last quarter. Assetmark Inc. boosted its stake in shares of 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 purchasing an additional 420 shares in the last quarter. Danske Bank A S boosted its stake in shares of Cadre by 400.0% in the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after purchasing an additional 1,200 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Cadre during the 4th quarter valued at approximately $65,000. 43.95% of the stock is currently owned by institutional investors.

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.