Cadre Holdings, Inc. (NYSE:CDRE) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have assigned Cadre an average rating of Moderate Buy from seven brokerages (1 sell, 1 hold, 4 buy, 1 strong buy) with an average 12‑month price target of $43.00.
• Cadre's latest quarter missed expectations—EPS $0.27 vs. $0.47 expected and revenue $167.22M vs. $182.94M—reflecting a 4.9% year‑over‑year revenue decline and leaving the stock trading below its 50‑ and 200‑day moving averages near its 12‑month low.
• The company announced a quarterly dividend of $0.10 per share (annualized $0.40, ~1.4% yield), and CEO Warren B. Kanders sold 100,000 shares on March 23; insiders still own about 31.5% of the stock.

Shares of Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) have received an average rating of "Moderate Buy" from the seven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $43.00.

A number of research firms have recently commented on CDRE. Weiss Ratings restated a "buy (b-)" rating on shares of Cadre in a report on Monday, December 29th. Zacks Research downgraded Cadre from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 4th. Lake Street Capital restated a "buy" rating and issued a $53.00 price objective on shares of Cadre in a report on Wednesday, February 4th. Wall Street Zen downgraded Cadre from a "strong-buy" rating to a "hold" rating in a report on Saturday, March 14th. Finally, Roth Mkm raised their price objective on Cadre from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, February 3rd.

Cadre Stock Performance

Cadre stock opened at $29.44 on Tuesday. The stock's 50-day moving average is $35.48 and its 200-day moving average is $39.77. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.50 and a quick ratio of 2.54. Cadre has a 12 month low of $28.22 and a 12 month high of $48.76.

Cadre (NYSE:CDRE - Get Free Report) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.20). The firm had revenue of $167.22 million during the quarter, compared to analysts' expectations of $182.94 million. Cadre had a return on equity of 13.50% and a net margin of 7.23%.The business's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 earnings per share. Equities analysts anticipate that Cadre will post 1.21 earnings per share for the current year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, May 1st. Cadre's dividend payout ratio (DPR) is presently 37.38%.

Insider Activity at Cadre

In related news, CEO Warren B. Kanders sold 100,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 9,917,039 shares in the company, valued at approximately $316,651,055.27. This trade represents a 1.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 31.50% of the company's stock.

Institutional Investors Weigh In On Cadre

Several hedge funds have recently modified their holdings of CDRE. Reinhart Partners LLC. purchased a new stake in shares of Cadre during the 3rd quarter valued at about $70,205,000. Jane Street Group LLC purchased a new stake in shares of Cadre during the 4th quarter valued at about $22,875,000. Vanguard Group Inc. raised its holdings in shares of Cadre by 15.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company's stock valued at $61,981,000 after buying an additional 224,218 shares during the period. Capital Research Global Investors raised its holdings 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 valued at $33,966,000 after buying an additional 217,864 shares during the period. Finally, Fred Alger Management LLC raised its holdings in shares of Cadre by 46.8% during the 4th quarter. Fred Alger Management LLC now owns 623,730 shares of the company's stock valued at $25,473,000 after buying an additional 198,750 shares during the period. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Company Profile

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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