Cadre (NYSE:CDRE) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Cadre (NYSE:CDRE) in a research note issued to investors on Monday, MarketBeat.com reports. The firm issued an overweight rating and a $40.00 price target on the stock.

CDRE has been the topic of a number of other research reports. Weiss Ratings cut shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Zacks Research upgraded shares of Cadre from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 4th. Roth Capital reissued a “buy” rating and set a $40.00 price target on shares of Cadre in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group set a $40.00 price objective on shares of Cadre in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cadre has an average rating of “Moderate Buy” and an average target price of $39.80.

Cadre Price Performance

Shares of CDRE stock opened at $32.82 on Monday. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 36.88 and a beta of 1.33. The business’s fifty day moving average is $29.53 and its 200 day moving average is $34.23. Cadre has a twelve month low of $25.73 and a twelve month high of $48.76. The company has a quick ratio of 1.33, a current ratio of 2.26 and a debt-to-equity ratio of 1.04.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. Cadre’s payout ratio is presently 44.94%.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $27.43, for a total value of $1,371,500.00. Following the sale, the chief executive officer directly owned 9,617,039 shares of the company’s stock, valued at approximately $263,795,379.77. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 175,000 shares of company stock valued at $5,091,500 over the last 90 days. Insiders own 30.10% of the company’s stock.

Hedge Funds Weigh In On Cadre

Several institutional investors and hedge funds have recently modified their holdings of CDRE. GW&K Investment Management LLC grew its position in Cadre by 6.3% during the 4th quarter. GW&K Investment Management LLC now owns 824,927 shares of the company’s stock valued at $33,690,000 after purchasing an additional 48,638 shares during the last quarter. Reinhart Partners LLC. raised its holdings in Cadre by 12.9% in the fourth quarter. Reinhart Partners LLC. now owns 2,170,349 shares of the company’s stock worth $88,638,000 after buying an additional 247,458 shares during the last quarter. Corbyn Investment Management Inc. MD raised its holdings in Cadre by 102.3% in the first quarter. Corbyn Investment Management Inc. MD now owns 99,144 shares of the company’s stock worth $3,042,000 after buying an additional 50,143 shares during the last quarter. Fred Alger Management LLC lifted its stake in shares of Cadre by 46.8% in the fourth quarter. Fred Alger Management LLC now owns 623,730 shares of the company’s stock worth $25,473,000 after buying an additional 198,750 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of Cadre by 79.8% in the first quarter. Deprince Race & Zollo Inc. now owns 159,862 shares of the company’s stock worth $4,905,000 after buying an additional 70,974 shares in the last quarter. 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.