Cadre Holdings, Inc. (NYSE:CDRE) to Issue Quarterly Dividend of $0.10

Cadre Holdings, Inc. (NYSE:CDRE) announced a quarterly dividend on Tuesday, January 20th. Shareholders of record on Friday, January 30th will be paid a dividend of 0.10 per share on Friday, February 13th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, January 30th. This is a 5.3% increase from Cadre’s previous quarterly dividend of $0.10.

Cadre has a dividend payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cadre to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 27.9%.

Cadre Trading Up 2.7%

CDRE traded up $1.13 during mid-day trading on Wednesday, hitting $43.49. The stock had a trading volume of 8,943 shares, compared to its average volume of 217,939. The stock’s fifty day simple moving average is $42.22 and its 200-day simple moving average is $37.60. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36. Cadre has a 1-year low of $27.07 and a 1-year high of $46.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.64 and a quick ratio of 2.58.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $155.87 million during the quarter, compared to analysts’ expectations of $158.96 million. Cadre had a net margin of 7.33% and a return on equity of 13.94%. The firm’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, research analysts forecast that Cadre will post 1.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CDRE. Lake Street Capital lifted their price target on shares of Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. CJS Securities raised Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Wall Street Zen upgraded Cadre from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. Finally, B. Riley restated a “buy” rating on shares of Cadre in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cadre has an average rating of “Moderate Buy” and a consensus target price of $37.67.

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.