Cadre Holdings, Inc. (NYSE:CDRE) Receives $37.67 Consensus Price Target from Analysts

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $37.6667.

A number of equities research analysts recently issued reports on CDRE shares. CJS Securities upgraded shares of Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a report on Monday. B. Riley restated a “buy” rating on shares of Cadre in a report on Thursday, November 6th. Roth Capital reaffirmed a “buy” rating and issued a $44.00 target price on shares of Cadre in a research report on Friday, October 10th. Finally, Wall Street Zen raised Cadre from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 20th.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 86,903 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $39.00, for a total transaction of $3,389,217.00. Following the completion of the sale, the chief executive officer owned 10,129,289 shares of the company’s stock, valued at approximately $395,042,271. This represents a 0.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 31.50% of the company’s stock.

Institutional Investors Weigh In On Cadre

Several institutional investors have recently bought and sold shares of CDRE. Huntington National Bank raised 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 acquiring an additional 313 shares during the period. Jones Financial Companies Lllp increased its holdings in Cadre by 585.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock valued at $35,000 after purchasing an additional 832 shares in the last quarter. Assetmark Inc. raised its position in Cadre by 43.1% in the second 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 period. Militia Capital Partners LP purchased a new position in Cadre in the first quarter valued at about $49,000. Finally, State of Wyoming acquired a new position in shares of Cadre during the first quarter worth about $69,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Stock Performance

Cadre stock opened at $41.92 on Wednesday. The stock has a fifty day moving average price of $42.40 and a 200 day moving average price of $36.48. Cadre has a 52 week low of $27.07 and a 52 week high of $46.64. The firm has a market capitalization of $1.70 billion, a P/E ratio of 37.43, a PEG ratio of 1.58 and a beta of 1.36. The company has a current ratio of 3.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.87.

Cadre (NYSE:CDRE) last posted its quarterly 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 company had revenue of $155.87 million during the quarter, compared to analysts’ expectations of $158.96 million. During the same quarter in the previous year, the business earned $0.09 EPS. The firm’s revenue was up 42.5% on a year-over-year basis. Equities research analysts anticipate that Cadre will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, October 31st. Cadre’s payout ratio is currently 33.93%.

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.