Cadre (NYSE:CDRE) Raised to “Hold” at Zacks Research

Cadre (NYSE:CDRE) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Lake Street Capital reaffirmed a “buy” rating and set a $53.00 price objective on shares of Cadre in a report on Wednesday, February 4th. Wall Street Zen downgraded shares of Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Jefferies Financial Group set a $40.00 price objective on shares of Cadre in a report on Wednesday, May 13th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $40.00 price objective on shares of Cadre in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cadre currently has an average rating of “Moderate Buy” and an average target price of $39.75.

Cadre Stock Down 1.1%

Cadre stock opened at $29.90 on Thursday. The firm has a market cap of $1.28 billion, a PE ratio of 33.60, a P/E/G ratio of 1.01 and a beta of 1.32. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26. The firm’s 50 day moving average price is $30.63 and its two-hundred day moving average price is $37.50. Cadre has a twelve month low of $25.73 and a twelve month high of $48.76.

Cadre (NYSE:CDRE) last released 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). The company had revenue of $167.22 million during the quarter, compared to analyst estimates of $182.94 million. Cadre had a net margin of 5.80% and a return on equity of 12.39%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 EPS. On average, research analysts predict that Cadre will post 1.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $31.93, for a total value of $3,193,000.00. Following the completion of the sale, the chief executive officer directly owned 9,917,039 shares of the company’s stock, valued at $316,651,055.27. This represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 30.10% of the stock is currently owned by company insiders.

Institutional Trading of Cadre

Hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its holdings 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 period. KBC Group NV bought a new stake in Cadre in the 1st quarter valued at $41,000. Huntington National Bank boosted its holdings in Cadre by 33.9% in the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock valued at $47,000 after purchasing an additional 325 shares during the period. Assetmark Inc. boosted its holdings in Cadre by 34.6% in the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after purchasing an additional 483 shares during the period. Finally, Danske Bank A S raised its stake in shares of 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 buying an additional 1,200 shares in the last quarter. 43.95% of the stock is owned by institutional investors.

About Cadre

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.