Cadre Holdings, Inc. (NYSE:CDRE) Receives $43.00 Average PT from Brokerages

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating 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.

A number of equities analysts have commented on CDRE shares. Zacks Research raised shares of Cadre from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. B. Riley Financial reaffirmed a “buy” rating on shares of Cadre in a report on Thursday, November 6th. Lake Street Capital reiterated a “buy” rating and set a $53.00 price objective on shares of Cadre in a research note on Wednesday, February 4th. CJS Securities raised shares of Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 86,903 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $39.00, for a total value of $3,389,217.00. Following the sale, the chief executive officer directly owned 10,129,289 shares in the company, valued at approximately $395,042,271. This trade represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 31.50% of the stock is owned by corporate insiders.

Institutional Trading of Cadre

Hedge funds have recently bought and sold shares of the company. Huntington National Bank grew its position in Cadre by 48.4% in the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after purchasing an additional 313 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of 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 buying an additional 832 shares during the period. Assetmark Inc. grew its holdings 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 buying an additional 420 shares in the last quarter. Danske Bank A S increased its position 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 acquiring an additional 1,200 shares during the period. Finally, State of Wyoming acquired a new stake in Cadre in the 4th quarter valued at approximately $65,000. 43.95% of the stock is currently owned by institutional investors.

Cadre Trading Up 2.3%

Shares of NYSE CDRE opened at $42.21 on Thursday. 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 stock’s 50 day moving average price is $42.09 and its two-hundred day moving average price is $38.69. Cadre has a 52-week low of $27.07 and a 52-week high of $46.64. The stock has a market capitalization of $1.72 billion, a P/E ratio of 37.68, a PEG ratio of 1.42 and a beta of 1.36.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid 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 was Friday, January 30th. This is an increase from Cadre’s previous quarterly dividend of $0.10. Cadre’s dividend payout ratio (DPR) is currently 35.71%.

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.