Brokerages Set Cadre Holdings, Inc. (NYSE:CDRE) PT at $43.00

Cadre Holdings, Inc. (NYSE:CDRE) has received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $43.00.

Several equities research analysts recently commented on CDRE shares. CJS Securities raised Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a research note on Monday, December 29th. Zacks Research cut Cadre from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Roth Mkm raised their target price on Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Finally, Lake Street Capital reiterated a “buy” rating and set a $53.00 price target on shares of Cadre in a report on Wednesday, February 4th.

Cadre Stock Performance

CDRE opened at $32.49 on Friday. Cadre has a twelve month low of $27.07 and a twelve month high of $48.76. The firm has a market capitalization of $1.39 billion, a PE ratio of 30.37, a PEG ratio of 1.20 and a beta of 1.48. The company has a current ratio of 3.50, a quick ratio of 2.54 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average price is $38.69 and its 200 day moving average price is $40.34.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). The business had revenue of $167.22 million during the quarter, compared to analyst estimates of $182.94 million. Cadre had a net margin of 7.23% and a return on equity of 13.50%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 EPS. As a group, sell-side analysts expect that Cadre will post 1.05 EPS for the current fiscal year.

Cadre Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a dividend of $0.10 per share. The ex-dividend date was Friday, January 30th. This is an increase from Cadre’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 1.2%. Cadre’s dividend payout ratio (DPR) is 37.38%.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $31.40, for a total value 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. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 31.50% of the stock is owned by company insiders.

Institutional Trading of Cadre

Hedge funds and other institutional investors have recently made changes to their positions in the company. Reinhart Partners LLC. acquired a new position in Cadre in the third quarter valued at approximately $70,205,000. Ophir Asset Management Pty Ltd acquired a new stake in Cadre during the second quarter worth $21,872,000. Jane Street Group LLC purchased a new stake in Cadre in the fourth quarter valued at $22,875,000. Vanguard Group Inc. raised its position in Cadre by 15.2% in the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after purchasing an additional 224,218 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Cadre by 30.6% in the 3rd quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock valued at $33,966,000 after purchasing an additional 217,864 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.