Cadre Holdings, Inc. (NYSE:CDRE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $43.00.

Several analysts recently issued reports on CDRE shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th. Lake Street Capital restated a “buy” rating and set a $53.00 target price on shares of Cadre in a research note on Wednesday, February 4th. Roth Mkm lifted their price target on Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Finally, CJS Securities raised Cadre to a “strong-buy” rating in a report on Thursday, December 11th.

Insider Buying and Selling

In other news, CEO Warren B. Kanders sold 100,000 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $31.40, for a total value of $3,140,000.00. Following the completion of the transaction, the chief executive officer owned 10,017,039 shares of the company’s stock, valued at approximately $314,535,024.60. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 31.50% of the company’s stock.

Hedge Funds Weigh In On Cadre

A number of institutional investors have recently added to or reduced their stakes in CDRE. Jones Financial Companies Lllp lifted its stake in Cadre by 585.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock valued at $35,000 after purchasing an additional 832 shares during the last quarter. Huntington National Bank grew its stake in shares of Cadre by 33.9% during the third quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after buying an additional 325 shares during the last quarter. Danske Bank A S increased its holdings in shares of Cadre by 400.0% during the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after buying an additional 1,200 shares in the last quarter. State of Wyoming acquired a new position in shares of Cadre during the fourth quarter worth $65,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Cadre in the 3rd quarter valued at $74,000. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Cadre Stock Up 1.0%

Shares of NYSE CDRE opened at $32.49 on Friday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 30.37, a PEG ratio of 1.18 and a beta of 1.48. The stock’s fifty day moving average is $38.91 and its 200 day moving average is $40.24. Cadre has a 52 week low of $27.07 and a 52 week high of $48.76. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.54 and a current ratio of 3.50.

Cadre (NYSE:CDRE) last posted 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). Cadre had a return on equity of 13.50% and a net margin of 7.23%.The firm had revenue of $167.22 million for the quarter, compared to the consensus estimate of $182.94 million. During the same period in the prior year, the company earned $0.32 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. Sell-side analysts forecast that Cadre will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a $0.10 dividend. This is a boost from Cadre’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, January 30th. Cadre’s dividend payout ratio (DPR) is presently 37.38%.

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.