Brokerages Set Cadre Holdings, Inc. (NYSE:CDRE) Target Price at $39.80

Cadre Holdings, Inc. (NYSE:CDRE) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $45.00.

A number of brokerages have commented on CDRE. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. DA Davidson boosted their price objective on shares of Cadre from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday. Zacks Research raised shares of Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $43.00 target price on shares of Cadre in a research note on Sunday. Finally, Weiss Ratings cut Cadre from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th.

Cadre Stock Down 0.9%

NYSE:CDRE opened at $33.72 on Thursday. Cadre has a twelve month low of $25.73 and a twelve month high of $48.76. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 39.67 and a beta of 1.32. The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 1.02. The stock’s 50 day moving average price is $29.98 and its two-hundred day moving average price is $33.31.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. Cadre had a return on equity of 12.02% and a net margin of 5.26%. Equities research analysts expect that Cadre will post 1.45 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, July 31st. Cadre’s dividend payout ratio (DPR) is presently 47.06%.

Insider Activity

In other news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $27.43, for a total transaction of $1,371,500.00. Following the completion of the transaction, the chief executive officer directly owned 9,617,039 shares in the company, valued at approximately $263,795,379.77. The trade was a 0.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 175,000 shares of company stock valued at $5,091,500 over the last ninety days. Company insiders own 30.10% of the company’s stock.

Institutional Investors Weigh In On Cadre

Several hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Cadre in the first quarter valued at $230,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cadre by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock worth $458,000 after buying an additional 628 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Cadre by 24,275.0% during the 1st quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock worth $144,000 after buying an additional 4,855 shares during the period. Goldman Sachs Group Inc. grew its stake in Cadre by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company’s stock valued at $11,021,000 after buying an additional 31,123 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Cadre by 98.5% in the 1st quarter. Jane Street Group LLC now owns 48,052 shares of the company’s stock valued at $1,423,000 after acquiring an additional 23,844 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.