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

Cadre Holdings, Inc. (NYSE:CDRE) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $43.00.

Several research analysts recently commented on CDRE shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. Wall Street Zen raised shares of Cadre from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Roth Mkm increased their target price on Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. CJS Securities raised Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $53.00 price target on shares of Cadre in a research report on Wednesday, February 4th.

Cadre Price Performance

CDRE opened at $43.57 on Monday. The firm has a 50-day moving average price of $42.52 and a 200-day moving average price of $40.12. Cadre has a twelve month low of $27.07 and a twelve month high of $48.76. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 38.90, a PEG ratio of 1.47 and a beta of 1.34.

Cadre Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 30th. This is a boost from Cadre’s previous quarterly dividend of $0.10. Cadre’s payout ratio is presently 35.71%.

Institutional Investors Weigh In On Cadre

A number of institutional investors and hedge funds have recently modified their holdings of the company. Huntington National Bank grew its stake in Cadre by 48.4% during the second quarter. Huntington National Bank now owns 960 shares of the company’s stock valued at $31,000 after acquiring an additional 313 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Cadre by 585.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after acquiring an additional 832 shares during the period. Assetmark Inc. lifted its stake 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 purchasing an additional 420 shares in the last quarter. Danske Bank A S boosted its holdings in 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 during the period. Finally, State of Wyoming bought a new position in Cadre in the 4th quarter valued at $65,000. 43.95% of the stock is owned by hedge funds and other 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.