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

Cadre Holdings, Inc. (NYSE:CDRE) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $37.6667.

Several research firms recently weighed in on CDRE. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a research note on Monday, December 29th. Roth Capital reiterated a “buy” rating and issued a $44.00 target price on shares of Cadre in a report on Friday, October 10th. CJS Securities raised shares of Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Lake Street Capital upped their price objective on shares of Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Wall Street Zen raised Cadre from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 20th.

Insider Activity

In other news, CEO Warren B. Kanders sold 86,903 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $39.00, for a total transaction of $3,389,217.00. Following the sale, the chief executive officer owned 10,129,289 shares of the company’s stock, valued at $395,042,271. This trade represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.50% of the stock is owned by company insiders.

Institutional Trading of Cadre

Hedge funds and other institutional investors have recently modified their holdings of the company. Reinhart Partners LLC. bought a new position in shares of Cadre during the third quarter worth about $70,205,000. Ophir Asset Management Pty Ltd acquired a new position in Cadre during the 2nd quarter worth approximately $21,872,000. Vanguard Group Inc. boosted its position 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 acquiring an additional 224,218 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Cadre by 30.6% during the 3rd quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock worth $33,966,000 after acquiring an additional 217,864 shares in the last quarter. Finally, Greenhouse Funds LLLP raised its holdings in shares of 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 purchasing an additional 213,298 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Stock Performance

CDRE stock opened at $42.39 on Friday. Cadre has a twelve month low of $27.07 and a twelve month high of $46.64. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87. The company has a market cap of $1.72 billion, a P/E ratio of 37.85, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36. The business’s fifty day moving average is $42.22 and its 200-day moving average is $37.60.

Cadre (NYSE:CDRE) last released its earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share 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 firm had revenue of $155.87 million for the quarter, compared to analyst estimates of $158.96 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 42.5% on a year-over-year basis. Equities research analysts forecast that Cadre will post 1.05 EPS for the current year.

About Cadre

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.