Cadre Holdings, Inc. (NYSE:CDRE) Receives $37.67 Average Target Price from Analysts

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $37.6667.

Several equities research analysts have recently commented on the stock. Roth Mkm reissued a “buy” rating and set a $44.00 target price on shares of Cadre in a research report on Friday, October 10th. Wall Street Zen lowered Cadre from a “strong-buy” rating to a “buy” rating in a report on Friday. Lake Street Capital raised their target price on Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 9th. B. Riley reiterated a “buy” rating on shares of Cadre in a report on Thursday, November 6th. Finally, CJS Securities upgraded Cadre to a “strong-buy” rating in a research note on Thursday, December 11th.

Insider Activity

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

Institutional Investors Weigh In On Cadre

A number of hedge funds have recently made changes to their positions in CDRE. Hennion & Walsh Asset Management Inc. grew its position in Cadre by 15.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 68,614 shares of the company’s stock valued at $2,802,000 after buying an additional 9,383 shares during the period. SG Americas Securities LLC grew its position in shares of Cadre by 344.4% during the 4th quarter. SG Americas Securities LLC now owns 28,316 shares of the company’s stock valued at $1,156,000 after acquiring an additional 21,944 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Cadre by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 250,023 shares of the company’s stock worth $9,128,000 after purchasing an additional 3,092 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Cadre in the 3rd quarter worth approximately $743,000. Finally, Mariner LLC lifted its stake in Cadre by 6.1% in the third quarter. Mariner LLC now owns 11,174 shares of the company’s stock valued at $408,000 after purchasing an additional 643 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors.

Cadre Stock Down 1.8%

CDRE stock opened at $43.38 on Friday. The stock’s 50 day simple moving average is $42.28 and its 200 day simple moving average is $37.82. The company has a market cap of $1.76 billion, a P/E ratio of 38.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.58 and a current ratio of 3.64. Cadre has a fifty-two week low of $27.07 and a fifty-two week high of $46.64.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Cadre had a return on equity of 13.94% and a net margin of 7.33%.The firm had revenue of $155.87 million during the quarter, compared to the consensus estimate of $158.96 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 42.5% on a year-over-year basis. On average, research analysts expect that Cadre will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. This is an increase from Cadre’s previous quarterly dividend of $0.10. Cadre’s payout ratio is 35.71%.

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.