Wall Street Zen Downgrades Cadre (NYSE:CDRE) to Buy

Cadre (NYSE:CDRE) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

A number of other analysts have also recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th. CJS Securities upgraded shares of Cadre to a “strong-buy” rating in a research note on Thursday, December 11th. Lake Street Capital raised their price objective on shares of Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Roth Mkm reaffirmed a “buy” rating and set a $44.00 target price on shares of Cadre in a report on Friday, October 10th. Finally, B. Riley reiterated a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.67.

Cadre Stock Performance

Shares of Cadre stock opened at $43.38 on Friday. Cadre has a 1 year low of $27.07 and a 1 year high of $46.64. The firm’s 50-day moving average is $42.28 and its 200 day moving average is $37.78. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 1.45 and a beta of 1.36. 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 issued its earnings results on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Cadre had a return on equity of 13.94% and a net margin of 7.33%.The business had revenue of $155.87 million for the quarter, compared to the consensus estimate of $158.96 million. During the same period last year, the business posted $0.09 EPS. The company’s revenue was up 42.5% compared to the same quarter last year. Sell-side analysts anticipate that Cadre will post 1.05 EPS for the current fiscal year.

Insider Activity at Cadre

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

Institutional Trading of Cadre

Institutional investors have recently added to or reduced their stakes in the company. Reinhart Partners LLC. purchased a new position in Cadre in the third quarter worth $70,205,000. Ophir Asset Management Pty Ltd acquired a new stake in shares of Cadre in the 2nd quarter worth $21,872,000. Vanguard Group Inc. grew its stake in Cadre by 15.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock worth $61,981,000 after buying an additional 224,218 shares during the last quarter. Capital Research Global Investors increased its position in Cadre by 30.6% during the 3rd quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock valued at $33,966,000 after buying an additional 217,864 shares in the last quarter. Finally, Greenhouse Funds LLLP raised its stake in Cadre by 8.4% in the second quarter. Greenhouse Funds LLLP now owns 2,743,265 shares of the company’s stock valued at $87,373,000 after buying an additional 213,298 shares during the last quarter. 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.