Cadre (NYSE:CDRE) Raised to “Buy” at Wall Street Zen

by · The Cerbat Gem

Cadre (NYSE:CDRE – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages also recently issued reports on CDRE. Weiss Ratings downgraded shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Zacks Research upgraded shares of Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. lifted their target price on shares of Cadre from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday. Jefferies Financial Group set a $40.00 target price on shares of Cadre in a report on Wednesday, May 13th. Finally, Roth Capital reaffirmed a “buy” rating and set a $40.00 price target on shares of Cadre in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cadre presently has an average rating of “Moderate Buy” and a consensus price target of $41.40.

Check Out Our Latest Stock Report on Cadre

Cadre Price Performance

Shares of CDRE opened at $32.98 on Friday. Cadre has a 1 year low of $25.73 and a 1 year high of $48.76. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.14 and a quick ratio of 1.35. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 38.80 and a beta of 1.32. The business has a 50-day moving average of $29.78 and a 200-day moving average of $33.53.

Cadre (NYSE:CDRE – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. Cadre had a return on equity of 12.02% and a net margin of 5.26%.The company had revenue of $207.13 million for the quarter, compared to analyst estimates of $178.29 million. As a group, equities research analysts anticipate that Cadre will post 1.47 earnings per share for the current year.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of Cadre 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 completion of the sale, the chief executive officer owned 9,617,039 shares in the company, valued at $263,795,379.77. The trade was a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 175,000 shares of company stock valued at $5,091,500. Insiders own 30.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. KBC Group NV bought a new stake in Cadre in the first quarter valued at $41,000. Assetmark Inc. raised its holdings 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 purchasing an additional 483 shares during the period. Danske Bank A S increased its position in Cadre by 400.0% in the 4th 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 in the last quarter. State of Wyoming acquired a new position in Cadre during the 2nd quarter worth approximately $61,000. Finally, Tower Research Capital LLC TRC raised its stake in Cadre by 110.3% during the 2nd 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. 43.95% of the stock is owned by institutional investors.

About Cadre

(Get Free Report)

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.

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