Cadre (NYSE:CDRE) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Cadre (NYSE:CDRE) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set an “overweight” rating and a $40.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 29.58% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Zacks Research raised shares of Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. Weiss Ratings lowered Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Jefferies Financial Group set a $40.00 price target on Cadre in a research report on Wednesday, May 13th. Finally, Roth Capital reiterated a “buy” rating and set a $40.00 price target on shares of Cadre in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.80.

Cadre Trading Up 0.0%

Shares of Cadre stock opened at $30.87 on Monday. The firm’s 50 day simple moving average is $29.46 and its two-hundred day simple moving average is $34.30. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 34.69 and a beta of 1.33. Cadre has a 12-month low of $25.73 and a 12-month high of $48.76. The company has a current ratio of 2.26, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $27.43, for a total value of $1,371,500.00. Following the sale, the chief executive officer directly owned 9,617,039 shares of the company’s stock, valued at approximately $263,795,379.77. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 175,000 shares of company stock valued at $5,091,500 over the last 90 days. 30.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cadre

Institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV purchased a new stake in shares of Cadre in the first quarter worth about $41,000. Danske Bank A S raised its position in 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 acquiring an additional 1,200 shares in the last quarter. State of Wyoming acquired a new position in Cadre in the fourth quarter valued at approximately $65,000. Assetmark Inc. lifted its holdings in Cadre by 34.6% in the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after acquiring an additional 483 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Cadre by 110.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $136,000 after purchasing an additional 2,246 shares in the last quarter. Institutional investors and hedge funds 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.