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

Key Points

• Zacks Research downgraded Cadre from a "hold" to a strong sell, though analyst views remain mixed — MarketBeat shows one Strong Buy, three Buys, one Hold and two Sells with an average rating of "Hold" and a $43 average target price.
• Cadre reported quarterly EPS of $0.27 versus a $0.47 consensus and revenue of $167.2M versus $182.9M, a 4.9% year‑over‑year revenue decline, while the stock opened at $29.93 (52‑week range $27.32–$48.76).
• CEO Warren B. Kanders sold 100,000 shares for about $3.14M on March 20, trimming his stake by 0.99%; insiders own 30.10% of the company and institutional investors hold 43.95%.

Cadre (NYSE:CDRE - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

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

Cadre Stock Down 3.0%

CDRE stock opened at $29.93 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.50 and a quick ratio of 2.54. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.17 and a beta of 1.32. The business's fifty day moving average price is $33.88 and its two-hundred day moving average price is $39.33. Cadre has a fifty-two week low of $27.32 and a fifty-two week high of $48.76.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 earnings per share 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 return on equity of 13.50% and a net margin of 7.23%.The firm's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. On average, equities analysts anticipate that Cadre will post 1.18 earnings per share for the current year.

Insider Transactions at Cadre

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of Cadre stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $31.40, for a total value of $3,140,000.00. Following the transaction, the chief executive officer owned 10,017,039 shares in the company, valued at $314,535,024.60. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 30.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CDRE. Rafferty Asset Management LLC boosted its stake in shares of Cadre by 3.8% during the third 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 in the last quarter. Huntington National Bank lifted its stake in shares of Cadre by 33.9% in the third quarter. Huntington National Bank now owns 1,285 shares of the company's stock worth $47,000 after acquiring an additional 325 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Cadre by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 13,991 shares of the company's stock worth $446,000 after acquiring an additional 438 shares during the period. Assetmark Inc. lifted its stake in shares of Cadre by 34.6% in the first quarter. Assetmark Inc. now owns 1,878 shares of the company's stock worth $58,000 after acquiring an additional 483 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cadre by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company's stock worth $458,000 after acquiring an additional 628 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.

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