Cadre (NYSE:CDRE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cadre (NYSE:CDRE) from a buy rating to a strong-buy rating in a report published on Saturday.

A number of other equities analysts have also weighed in on CDRE. B. Riley Financial reissued a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. CJS Securities raised shares of Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Roth Mkm increased their price objective on shares of Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Lake Street Capital reaffirmed a “buy” rating and issued a $53.00 target price on shares of Cadre in a research report on Wednesday, February 4th. Finally, Weiss Ratings reiterated 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’s stock. According to data from MarketBeat.com, Cadre presently has a consensus rating of “Buy” and a consensus price target of $43.00.

Cadre Stock Performance

CDRE stock opened at $42.35 on Friday. The stock’s 50 day simple moving average is $42.20 and its 200 day simple moving average is $38.50. The company has a current ratio of 3.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.87. Cadre has a 12-month low of $27.07 and a 12-month high of $46.64. The stock has a market capitalization of $1.72 billion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 1.40 and a beta of 1.36.

Cadre Increases Dividend

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

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 1,257,038 shares of the firm’s stock in a transaction 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 31.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CDRE. Greenhouse Funds LLLP increased its holdings in Cadre by 1.7% in the 3rd quarter. Greenhouse Funds LLLP now owns 2,789,410 shares of the company’s stock worth $101,841,000 after acquiring an additional 46,145 shares in the last quarter. Reinhart Partners LLC. purchased a new position in Cadre during the third quarter valued at approximately $70,205,000. Vanguard Group Inc. boosted its position in shares of Cadre by 15.2% in the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock worth $61,981,000 after purchasing an additional 224,218 shares during the period. Capital Research Global Investors increased its stake in shares of Cadre by 30.6% in the third quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock worth $33,966,000 after purchasing an additional 217,864 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Cadre by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 670,294 shares of the company’s stock valued at $27,380,000 after purchasing an additional 3,726 shares during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

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.