Cadre Holdings, Inc. (NYSE:CDRE) Receives Consensus Rating of “Moderate Buy” from Brokerages

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

CDRE has been the topic of several recent analyst reports. Wall Street Zen raised Cadre from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. CJS Securities raised Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Roth Mkm raised their target price on shares of Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Lake Street Capital reiterated a “buy” rating and set a $53.00 target price on shares of Cadre in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a research note on Monday, December 29th.

Cadre Price Performance

NYSE:CDRE opened at $43.57 on Monday. Cadre has a 52-week low of $27.07 and a 52-week high of $48.76. The stock has a fifty day moving average of $42.52 and a 200 day moving average of $40.12. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.58 and a current ratio of 3.64. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 1.47 and a beta of 1.34.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Cadre’s previous quarterly dividend of $0.10. Cadre’s payout ratio is presently 35.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank raised its position in Cadre by 48.4% during the second quarter. Huntington National Bank now owns 960 shares of the company’s stock valued at $31,000 after purchasing an additional 313 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Cadre by 585.9% in 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 in the last quarter. Assetmark Inc. increased its position in shares of Cadre by 43.1% during the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock valued at $44,000 after purchasing an additional 420 shares during the last quarter. Danske Bank A S increased its position in shares of Cadre by 400.0% during the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after purchasing an additional 1,200 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Cadre during the 4th quarter valued at about $65,000. Institutional investors 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.