Cadre (NYSE:CDRE) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Cadre (NYSE:CDRE) issued its earnings results on Monday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04), FiscalAI reports. The business had revenue of $155.43 million during the quarter, compared to analyst estimates of $155.31 million. Cadre had a return on equity of 13.50% and a net margin of 7.23%.The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS.

Cadre Price Performance

NYSE CDRE opened at $31.37 on Tuesday. Cadre has a fifty-two week low of $27.32 and a fifty-two week high of $48.76. The stock’s 50-day moving average is $33.38 and its two-hundred day moving average is $39.17. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.50 and a quick ratio of 2.54. The firm has a market cap of $1.34 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 1.05 and a beta of 1.32.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, May 1st. Cadre’s dividend payout ratio (DPR) is 37.38%.

Insiders Place Their Bets

In other Cadre 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 directly owned 10,017,039 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 30.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cadre

Institutional investors have recently bought and sold shares of the stock. State of Wyoming bought a new position in Cadre during the fourth quarter valued at about $65,000. Tower Research Capital LLC TRC increased its stake in shares of Cadre by 110.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $136,000 after purchasing an additional 2,246 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Cadre by 34.4% in the second quarter. Canada Pension Plan Investment Board now owns 4,300 shares of the company’s stock worth $137,000 after purchasing an additional 1,100 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Cadre by 24,275.0% in the first quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock worth $144,000 after purchasing an additional 4,855 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Cadre in the fourth quarter worth about $210,000. 43.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Roth Mkm raised their target price on Cadre from $49.00 to $50.00 and gave the stock 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. Zacks Research cut Cadre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings lowered Cadre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.00.

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.