Cadre (NYSE:CDRE) Upgraded by Zacks Research to “Hold” Rating

Cadre (NYSE:CDRE) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Roth Mkm restated a “buy” rating and issued a $40.00 price objective on shares of Cadre in a research note on Wednesday, May 13th. Lake Street Capital restated a “buy” rating and issued a $53.00 price objective on shares of Cadre in a research note on Wednesday, February 4th. Wall Street Zen cut shares of Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings cut shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group set a $40.00 target price on shares of Cadre in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.75.

Cadre Trading Down 1.1%

Shares of CDRE stock opened at $29.90 on Thursday. Cadre has a 52-week low of $25.73 and a 52-week high of $48.76. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 1.01 and a beta of 1.32. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26. The firm has a fifty day moving average of $30.63 and a 200-day moving average of $37.50.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). Cadre had a net margin of 5.80% and a return on equity of 12.39%. The business had revenue of $167.22 million during the quarter, compared to analyst estimates of $182.94 million. During the same quarter in the prior year, the company posted $0.32 EPS. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Cadre will post 1.34 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Warren B. Kanders sold 100,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $31.93, for a total transaction of $3,193,000.00. Following the completion of the sale, the chief executive officer owned 9,917,039 shares in the company, valued at $316,651,055.27. This trade represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 30.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cadre

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Greenhouse Funds LLLP increased its position in Cadre by 1.7% in the 3rd quarter. Greenhouse Funds LLLP now owns 2,789,410 shares of the company’s stock valued at $101,841,000 after acquiring an additional 46,145 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Cadre by 15.2% in the 3rd 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 last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Cadre by 91.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 46,750 shares of the company’s stock valued at $1,707,000 after purchasing an additional 22,315 shares during the last quarter. Capital Research Global Investors boosted 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. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Cadre by 212.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,484 shares of the company’s stock valued at $930,000 after purchasing an additional 17,323 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.