Cadre Holdings, Inc. (CDRE) to Issue Quarterly Dividend of $0.10 on May 15th

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Tuesday, April 21st. Shareholders of record on Friday, May 1st will be given a dividend of 0.10 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 1st.

Cadre has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cadre to earn $1.52 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 26.3%.

Cadre Stock Performance

Cadre stock opened at $29.57 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.54 and a current ratio of 3.50. The stock has a fifty day moving average of $36.23 and a two-hundred day moving average of $39.94. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 1.08 and a beta of 1.48. Cadre has a fifty-two week low of $28.22 and a fifty-two week high of $48.76.

Cadre (NYSE:CDRE) last released its quarterly earnings results 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). The company had revenue of $167.22 million for the quarter, compared to analysts’ expectations of $182.94 million. Cadre had a return on equity of 13.50% and a net margin of 7.23%.The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. On average, analysts anticipate that Cadre will post 1.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research downgraded 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 price target on shares of Cadre in a research report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th. Roth Mkm raised their price target on Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.00.

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.