Cadre (NYSE:CDRE) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Cadre (NYSE:CDRE) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. B. Riley Financial reaffirmed a “buy” rating on shares of Cadre in a research note on Thursday, November 6th. Lake Street Capital reissued a “buy” rating and issued a $53.00 target price on shares of Cadre in a report on Wednesday, February 4th. Wall Street Zen upgraded Cadre from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. CJS Securities upgraded shares of Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Roth Mkm lifted their target price on shares of Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Cadre Price Performance

CDRE stock opened at $43.57 on Wednesday. The firm has a 50 day moving average of $42.52 and a 200-day moving average of $39.97. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 38.90, a PEG ratio of 1.52 and a beta of 1.34. The company has a current ratio of 3.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.87. Cadre has a 12-month low of $27.07 and a 12-month high of $48.76.

Cadre Increases Dividend

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

Institutional Trading of Cadre

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rafferty Asset Management LLC raised its stake in Cadre by 3.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 7,003 shares of the company’s stock valued at $256,000 after purchasing an additional 259 shares during the last quarter. Huntington National Bank boosted its stake in shares of Cadre by 48.4% during the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after purchasing an additional 313 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Cadre by 14.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company’s stock worth $93,000 after purchasing an additional 357 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Cadre by 43.1% during the second quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after buying an additional 420 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Cadre by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 13,991 shares of the company’s stock worth $446,000 after buying an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

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.