Cadre (NYSE:CDRE) Price Target Raised to $43.00

Cadre (NYSE:CDRE) had its target price raised by DA Davidson from $40.00 to $43.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also recently issued reports on the company. Wall Street Zen raised Cadre from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. UBS Group set a $43.00 target price on shares of Cadre in a report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Cadre from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Roth Capital reaffirmed a “buy” rating and set a $43.00 price target (up from $40.00) on shares of Cadre in a research note on Monday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $43.00 price objective on shares of Cadre in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Cadre Price Performance

NYSE:CDRE opened at $33.72 on Monday. The business’s 50-day moving average is $29.98 and its 200 day moving average is $33.31. Cadre has a 12 month low of $25.73 and a 12 month high of $48.76. The company has a market capitalization of $1.44 billion, a P/E ratio of 39.67 and a beta of 1.32. The company has a current ratio of 2.14, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $207.13 million during the quarter, compared to analysts’ expectations of $178.29 million. Cadre had a return on equity of 12.02% and a net margin of 5.26%. On average, equities research analysts forecast that Cadre will post 1.45 earnings per share for the current fiscal year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. Cadre’s payout ratio is currently 47.06%.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $27.43, for a total value of $1,371,500.00. Following the completion of the sale, the chief executive officer directly owned 9,617,039 shares in the company, valued at $263,795,379.77. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 175,000 shares of company stock valued at $5,091,500 in the last ninety days. 30.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cadre

Several institutional investors have recently made changes to their positions in the company. KBC Group NV bought a new position in Cadre during the 1st quarter valued at about $41,000. Assetmark Inc. boosted its position in shares of Cadre by 34.6% during the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after buying an additional 483 shares during the period. Danske Bank A S grew its stake in shares of Cadre by 400.0% during the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after buying an additional 1,200 shares during the last quarter. State of Wyoming bought a new position in shares of Cadre during the second quarter valued at approximately $61,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Cadre by 110.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $136,000 after buying an additional 2,246 shares during the period. 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.