Cadre (NYSE:CDRE) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

by · The Cerbat Gem

Cadre (NYSE:CDRE – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04), FiscalAI reports. Cadre had a return on equity of 13.50% and a net margin of 7.23%.The company had revenue of $155.43 million for the quarter, compared to analyst estimates of $155.31 million.

Cadre Stock Performance

Shares of NYSE CDRE traded up $1.52 during trading on Monday, reaching $31.37. The stock had a trading volume of 663,059 shares, compared to its average volume of 339,739. Cadre has a one year low of $27.32 and a one year high of $48.76. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.54 and a current ratio of 3.50. The stock has a market cap of $1.34 billion, a PE ratio of 29.32, a P/E/G ratio of 1.05 and a beta of 1.32. The firm’s 50 day moving average price is $33.88 and its two-hundred day moving average price is $39.33.

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, May 1st. Cadre’s payout ratio is 37.38%.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $31.93, for a total value of $3,193,000.00. Following the completion of the sale, the chief executive officer directly owned 9,917,039 shares in the company, valued at approximately $316,651,055.27. The trade was a 1.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 30.10% of the company’s stock.

Institutional Investors Weigh In On Cadre

A number of institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Cadre by 3.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,991 shares of the company’s stock valued at $446,000 after acquiring an additional 438 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cadre by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock worth $458,000 after buying an additional 628 shares during the last quarter. Mariner LLC grew its stake in Cadre by 6.1% during the 3rd quarter. Mariner LLC now owns 11,174 shares of the company’s stock worth $408,000 after buying an additional 643 shares during the last quarter. Sei Investments Co. grew its stake in Cadre by 3.2% during the 2nd quarter. Sei Investments Co. now owns 21,040 shares of the company’s stock worth $670,000 after buying an additional 651 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in Cadre by 6.3% during the 4th quarter. Intech Investment Management LLC now owns 11,122 shares of the company’s stock worth $454,000 after buying an additional 656 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CDRE shares. Weiss Ratings lowered Cadre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Lake Street Capital reaffirmed a “buy” rating and issued a $53.00 target price on shares of Cadre in a research report on Wednesday, February 4th. Roth Mkm upped their target price on Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen lowered Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Zacks Research lowered Cadre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Cadre currently has an average rating of “Hold” and a consensus target price of $43.00.

View Our Latest Stock Report on CDRE

Cadre Company Profile

(Get Free Report)

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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