Cadre (NYSE:CDRE) Rating Lowered to “Hold” at Wall Street Zen

Cadre (NYSE:CDRE) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also issued reports on CDRE. Roth Mkm boosted their price target on shares of Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cadre in a research note on Monday, December 29th. Zacks Research cut shares of Cadre from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Lake Street Capital reissued a “buy” rating and set a $53.00 target price on shares of Cadre in a research note on Wednesday, February 4th. Finally, CJS Securities upgraded Cadre to a “strong-buy” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Cadre Trading Down 0.9%

NYSE:CDRE opened at $31.67 on Friday. The stock has a fifty day simple moving average of $42.07 and a 200 day simple moving average of $40.21. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.34. Cadre has a 1-year low of $27.07 and a 1-year high of $48.76. The company has a quick ratio of 2.58, a current ratio of 3.50 and a debt-to-equity ratio of 0.92.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CDRE. Jones Financial Companies Lllp lifted its position in 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 buying an additional 832 shares in the last quarter. Huntington National Bank grew its holdings in shares of Cadre by 33.9% during the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock valued at $47,000 after acquiring an additional 325 shares in the last quarter. Danske Bank A S increased its stake 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 during the last quarter. State of Wyoming acquired a new position in shares of Cadre in the fourth quarter worth $65,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Cadre during the third quarter worth $74,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.