Cadre (NYSE:CDRE) Stock Rating Upgraded by Wall Street Zen

Cadre (NYSE:CDRE) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other research analysts have also recently weighed in on CDRE. B. Riley reaffirmed a “buy” rating on shares of Cadre in a research note on Thursday, November 6th. CJS Securities upgraded shares of Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Roth Capital reiterated a “buy” rating and issued a $44.00 target price on shares of Cadre in a report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a research note on Monday. Finally, Lake Street Capital lifted their price target on shares of Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cadre has an average rating of “Moderate Buy” and a consensus price target of $37.67.

Cadre Trading Up 2.0%

NYSE:CDRE opened at $41.58 on Friday. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 1.52 and a beta of 1.36. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.58 and a current ratio of 3.64. Cadre has a 1 year low of $27.07 and a 1 year high of $46.64. The business has a fifty day moving average of $42.22 and a 200-day moving average of $36.20.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $155.87 million during the quarter, compared to the consensus estimate of $158.96 million. Cadre had a net margin of 7.33% and a return on equity of 13.94%. The company’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Equities analysts predict that Cadre will post 1.05 earnings per share for the current year.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 1,257,038 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $39.00, for a total transaction of $49,024,482.00. Following the completion of the sale, the chief executive officer directly owned 1,546 shares in the company, valued at approximately $60,294. This trade represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 31.50% of the company’s stock.

Institutional Trading of Cadre

Institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank lifted its stake in shares of Cadre by 48.4% in the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock valued at $31,000 after purchasing an additional 313 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Cadre by 585.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after purchasing an additional 832 shares during the last quarter. Assetmark Inc. increased its position in Cadre by 43.1% in the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after buying an additional 420 shares during the period. Militia Capital Partners LP bought a new position in Cadre during the first quarter worth $49,000. Finally, State of Wyoming acquired a new position in shares of Cadre during the first quarter valued at about $69,000. 43.95% of the stock is currently owned by institutional investors and hedge funds.

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.