StockNews.com upgraded shares of Costamare (NYSE:CMRE - Free Report) from a hold rating to a buy rating in a research report released on Thursday.
Separately, Jefferies Financial Group reiterated a "hold" rating and issued a $13.00 price target on shares of Costamare in a report on Wednesday, February 5th.
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Costamare Trading Up 1.0 %
CMRE traded up $0.11 during trading on Thursday, hitting $10.35. 631,551 shares of the stock were exchanged, compared to its average volume of 444,767. The firm has a 50 day simple moving average of $11.45 and a 200 day simple moving average of $13.01. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 4.24 and a beta of 1.28. Costamare has a 1 year low of $9.66 and a 1 year high of $17.58. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 1.65.
Costamare (NYSE:CMRE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a return on equity of 14.03% and a net margin of 15.14%. As a group, equities analysts expect that Costamare will post 2.52 EPS for the current year.
Costamare Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Tuesday, January 21st were issued a $0.115 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.45%. Costamare's dividend payout ratio is presently 18.85%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bridgeway Capital Management LLC boosted its position in shares of Costamare by 1.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,546,489 shares of the shipping company's stock worth $19,872,000 after purchasing an additional 29,354 shares in the last quarter. State Street Corp boosted its position in shares of Costamare by 2.6% in the 3rd quarter. State Street Corp now owns 1,213,838 shares of the shipping company's stock worth $19,082,000 after purchasing an additional 30,986 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Costamare by 18.8% in the 4th quarter. American Century Companies Inc. now owns 1,077,400 shares of the shipping company's stock worth $13,845,000 after purchasing an additional 170,412 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Costamare by 10.6% in the 4th quarter. Federated Hermes Inc. now owns 817,359 shares of the shipping company's stock worth $10,503,000 after purchasing an additional 78,377 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Costamare by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 780,662 shares of the shipping company's stock worth $10,032,000 after purchasing an additional 4,791 shares in the last quarter. 58.08% of the stock is currently owned by hedge funds and other institutional investors.
Costamare Company Profile
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