Cadre (NYSE:CDRE) Shares Gap Up – Should You Buy?

Cadre Holdings, Inc. (NYSE:CDRE)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $45.45, but opened at $47.71. Cadre shares last traded at $45.88, with a volume of 133,059 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on CDRE. Zacks Research upgraded shares of Cadre from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Lake Street Capital reissued a “buy” rating and issued a $53.00 price target on shares of Cadre in a report on Wednesday, February 4th. B. Riley Financial restated a “buy” rating on shares of Cadre in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Cadre from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $43.00.

Cadre Stock Up 1.5%

The stock’s fifty day simple moving average is $42.43 and its 200-day simple moving average is $39.84. The stock has a market cap of $1.88 billion, a P/E ratio of 41.18, a P/E/G ratio of 1.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.58 and a current ratio of 3.64.

Cadre Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a dividend of $0.10 per share. This is an increase from Cadre’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 30th. Cadre’s dividend payout ratio (DPR) is currently 35.71%.

Institutional Trading of Cadre

Several large investors have recently modified their holdings of CDRE. Huntington National Bank grew its stake in Cadre by 48.4% during the second quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after buying an additional 313 shares in the last quarter. 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 worth $35,000 after purchasing an additional 832 shares in the last quarter. Assetmark Inc. increased its holdings in Cadre by 43.1% in the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after purchasing an additional 420 shares in the last quarter. Danske Bank A S boosted 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 purchasing an additional 1,200 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Cadre during the fourth quarter worth about $65,000. 43.95% of the stock is owned by institutional investors and hedge funds.

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.