Cadre (NYSE:CDRE) Stock Price Down 5.8% – Should You Sell?

Cadre Holdings, Inc. (NYSE:CDRE) shares were down 5.8% during mid-day trading on Tuesday . The stock traded as low as $41.36 and last traded at $41.43. Approximately 416,611 shares changed hands during mid-day trading, an increase of 84% from the average daily volume of 226,632 shares. The stock had previously closed at $44.00.

Analyst Ratings Changes

Several research firms have recently weighed in on CDRE. CJS Securities upgraded Cadre to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research downgraded shares of Cadre from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Lake Street Capital reiterated a “buy” rating and issued a $53.00 target price on shares of Cadre in a research note on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th. Finally, Roth Mkm upped their price target on shares of Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Cadre Stock Performance

The stock has a market capitalization of $1.66 billion, a P/E ratio of 36.51, a PEG ratio of 1.47 and a beta of 1.34. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $42.56 and a two-hundred day moving average price of $40.23.

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a dividend of $0.10 per share. This is a boost from Cadre’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. Cadre’s payout ratio is currently 35.71%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Huntington National Bank increased its holdings in shares of Cadre by 48.4% in the second quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after purchasing an additional 313 shares during the period. Jones Financial Companies Lllp boosted its stake in Cadre by 585.9% during the third quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock valued at $35,000 after buying an additional 832 shares during the period. Assetmark Inc. boosted its stake in Cadre by 43.1% during the second quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock valued at $44,000 after buying an additional 420 shares during the period. Danske Bank A S grew its position in Cadre by 400.0% during the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after buying an additional 1,200 shares in the last quarter. Finally, State of Wyoming purchased a new position in Cadre during the fourth quarter worth about $65,000. 43.95% of the stock is owned by 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.