Cadre (NYSE:CDRE) Stock Rating Lowered by Zacks Research

Cadre (NYSE:CDRE) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen upgraded Cadre from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Roth Mkm raised their price objective on Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. CJS Securities upgraded Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Lake Street Capital reissued a “buy” rating and issued a $53.00 target price on shares of Cadre in a report on Wednesday, February 4th. Finally, B. Riley Financial restated a “buy” rating on shares of Cadre in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Cadre Stock Performance

Shares of Cadre stock opened at $44.99 on Wednesday. The company has a current ratio of 3.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.87. The company has a market cap of $1.83 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 1.53 and a beta of 1.34. The company has a 50 day moving average of $42.49 and a 200-day moving average of $39.88. Cadre has a 1-year low of $27.07 and a 1-year high of $48.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Reinhart Partners LLC. acquired a new position in Cadre in the 3rd quarter valued at approximately $70,205,000. Harbor Capital Advisors Inc. bought a new stake in shares of Cadre in the third quarter worth $1,775,000. WCM Investment Management LLC increased its holdings in Cadre by 9.1% in the third quarter. WCM Investment Management LLC now owns 578,564 shares of the company’s stock valued at $20,961,000 after purchasing an additional 48,020 shares during the period. Advantage Alpha Capital Partners LP bought a new position in Cadre during the 2nd quarter worth $3,731,000. Finally, Greenhouse Funds LLLP lifted its holdings in Cadre by 8.4% during the 2nd quarter. Greenhouse Funds LLLP now owns 2,743,265 shares of the company’s stock worth $87,373,000 after buying an additional 213,298 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.