Cadre (NYSE:CDRE) Lowered to “Strong Sell” Rating by Zacks Research

Cadre (NYSE:CDRE) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts also recently commented on CDRE. Weiss Ratings downgraded Cadre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Wall Street Zen downgraded Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Roth Mkm boosted their price objective on Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Finally, Lake Street Capital reiterated a “buy” rating and set a $53.00 price target on shares of Cadre in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Cadre currently has an average rating of “Hold” and an average price target of $43.00.

Cadre Trading Down 3.0%

NYSE CDRE opened at $29.93 on Wednesday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 27.97, a P/E/G ratio of 1.17 and a beta of 1.32. Cadre has a 52 week low of $27.32 and a 52 week high of $48.76. The business has a 50 day moving average price of $33.88 and a 200-day moving average price of $39.33. The company has a quick ratio of 2.54, a current ratio of 3.50 and a debt-to-equity ratio of 0.92.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.20). The firm had revenue of $167.22 million for the quarter, compared to the consensus estimate of $182.94 million. Cadre had a net margin of 7.23% and a return on equity of 13.50%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. As a group, equities analysts expect that Cadre will post 1.18 earnings per share for the current fiscal year.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 100,000 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $31.93, for a total transaction of $3,193,000.00. Following the completion of the sale, the chief executive officer owned 9,917,039 shares in the company, valued at approximately $316,651,055.27. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 30.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its stake in Cadre by 585.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock valued at $35,000 after purchasing an additional 832 shares during the period. KBC Group NV bought a new position in Cadre in the 1st quarter valued at $41,000. Huntington National Bank grew its stake in Cadre by 33.9% in the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock valued at $47,000 after purchasing an additional 325 shares during the period. Assetmark Inc. grew its stake in Cadre by 34.6% in the 1st 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. Finally, Danske Bank A S grew its stake 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 purchasing an additional 1,200 shares during the period. 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.