Cadre Holdings, Inc. (NYSE:CDRE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $39.75.

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Roth Mkm reissued a “buy” rating and set a $40.00 price target on shares of Cadre in a report on Wednesday, May 13th. Zacks Research raised Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. Jefferies Financial Group set a $40.00 price target on Cadre in a report on Wednesday, May 13th. Finally, Weiss Ratings lowered Cadre from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th.

Insider Activity

In related news, CEO Warren B. Kanders sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $31.40, for a total transaction of $3,140,000.00. Following the transaction, the chief executive officer owned 10,017,039 shares of the company’s stock, valued at $314,535,024.60. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 30.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cadre

Institutional investors have recently added to or reduced their stakes in the business. 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 in the last quarter. 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 in the last quarter. KBC Group NV purchased a new stake in Cadre in the 1st quarter valued at approximately $41,000. Danske Bank A S boosted its holdings in 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 purchasing an additional 1,200 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Cadre in the 4th quarter valued at approximately $65,000. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Stock Performance

NYSE CDRE opened at $28.81 on Wednesday. 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 has a 52-week low of $25.73 and a 52-week high of $48.76. The business’s 50-day moving average price is $30.46 and its 200 day moving average price is $36.92. The firm has a market cap of $1.23 billion, a P/E ratio of 32.37 and a beta of 1.32.

Cadre Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Cadre’s dividend payout ratio (DPR) is currently 44.94%.

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.