Wall Street Zen Upgrades Cadre (NYSE:CDRE) to Strong-Buy

Cadre (NYSE:CDRE) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

A number of other brokerages also recently issued reports on CDRE. Lake Street Capital reiterated a “buy” rating and issued a $53.00 price target on shares of Cadre in a research note on Wednesday. B. Riley Financial reiterated a “buy” rating on shares of Cadre in a research note on Thursday, November 6th. CJS Securities raised Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Roth Mkm increased their price objective on Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Cadre in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $43.00.

Cadre Trading Up 3.2%

CDRE opened at $41.63 on Friday. The business has a fifty day moving average price of $42.20 and a 200 day moving average price of $38.44. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.64 and a quick ratio of 2.58. Cadre has a 12 month low of $27.07 and a 12 month high of $46.64. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 1.40 and a beta of 1.36.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 1,257,038 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $39.00, for a total value of $49,024,482.00. Following the completion of the sale, the chief executive officer owned 1,546 shares in the company, valued at approximately $60,294. The trade was a 99.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cadre

A number of institutional investors have recently modified their holdings of the business. Huntington National Bank increased its stake in Cadre by 48.4% in the second quarter. Huntington National Bank now owns 960 shares of the company’s stock valued at $31,000 after purchasing an additional 313 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Cadre by 585.9% during the third quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after buying an additional 832 shares during the last quarter. Assetmark Inc. increased its position in Cadre by 43.1% in the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock valued at $44,000 after acquiring an additional 420 shares during the period. Danske Bank A S raised its stake in Cadre by 400.0% during the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after acquiring an additional 1,200 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Cadre during the 3rd quarter worth approximately $74,000. 43.95% of the stock is owned by institutional investors and hedge funds.

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.