Cadre (NYSE:CDRE) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Cadre (NYSE:CDRE) released its quarterly earnings results on Tuesday. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14), FiscalAI reports. Cadre had a net margin of 7.33% and a return on equity of 13.94%. The business had revenue of $167.22 million for the quarter, compared to the consensus estimate of $182.94 million.

Cadre Stock Performance

Cadre stock traded down $3.11 on Tuesday, reaching $40.89. 683,309 shares of the stock were exchanged, compared to its average volume of 232,755. 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 twelve month low of $27.07 and a twelve month high of $48.76. The firm has a fifty day moving average price of $42.56 and a two-hundred day moving average price of $40.23. The stock has a market cap of $1.66 billion, a PE ratio of 36.51, a PEG ratio of 1.47 and a beta of 1.34.

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a dividend of $0.10 per share. 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%. This is a positive change from Cadre’s previous quarterly dividend of $0.10. Cadre’s dividend payout ratio (DPR) is presently 35.71%.

Hedge Funds Weigh In On Cadre

A number of institutional investors have recently made changes to their positions in CDRE. State of Wyoming bought a new stake in Cadre during the 4th quarter valued at approximately $65,000. Tower Research Capital LLC TRC increased its position in Cadre by 110.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $136,000 after buying an additional 2,246 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Cadre by 34.4% during the second quarter. Canada Pension Plan Investment Board now owns 4,300 shares of the company’s stock worth $137,000 after buying an additional 1,100 shares during the last quarter. Jones Financial Companies Lllp boosted its position 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 valued at $144,000 after acquiring an additional 4,855 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Cadre in the fourth quarter valued at approximately $210,000. 43.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CDRE has been the topic of several analyst reports. Lake Street Capital reissued a “buy” rating and set a $53.00 target price on shares of Cadre in a research report on Wednesday, February 4th. Zacks Research cut Cadre from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. CJS Securities upgraded Cadre to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. Finally, Roth Mkm raised their price objective on 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 assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

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.