Cadre (NYSE:CDRE) Stock Rating Lowered by Wall Street Zen

Cadre (NYSE:CDRE) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

CDRE has been the topic of a number of other research reports. CJS Securities upgraded Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. Roth Mkm reissued a “buy” rating and set a $44.00 target price on shares of Cadre in a research report on Friday, October 10th. B. Riley restated a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. Finally, Lake Street Capital upped their price objective on shares of Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.67.

Cadre Stock Down 1.8%

NYSE CDRE opened at $43.38 on Friday. The company has a current ratio of 3.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.87. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 1.45 and a beta of 1.36. The company has a 50 day moving average of $42.28 and a 200-day moving average of $37.78. Cadre has a 1-year low of $27.07 and a 1-year high of $46.64.

Cadre (NYSE:CDRE) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $155.87 million during the quarter, compared to the consensus estimate of $158.96 million. Cadre had a net margin of 7.33% and a return on equity of 13.94%. The firm’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 EPS. On average, equities research analysts expect that Cadre will post 1.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 1,257,038 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $39.00, for a total transaction of $49,024,482.00. Following the completion of the transaction, the chief executive officer owned 1,546 shares in the company, valued at approximately $60,294. This represents a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 31.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Huntington National Bank raised its holdings 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 increased its stake 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 acquiring an additional 832 shares in the last quarter. Assetmark Inc. increased 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 worth $44,000 after acquiring an additional 420 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Cadre during the 3rd quarter valued at about $74,000. Finally, LRI Investments LLC bought a new stake in Cadre during the third quarter worth about $104,000. 43.95% of the stock is currently 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.