COSTAMARE INC/SH (NYSE:CMRE) Trading Up 2.8%

COSTAMARE INC/SH (NYSE:CMRE)’s share price was up 2.8% during trading on Monday . The stock traded as high as $8.31 and last traded at $8.28, approximately 725,819 shares traded hands during trading. An increase of 98% from the average daily volume of 366,495 shares. The stock had previously closed at $8.05.

Several equities analysts have recently commented on CMRE shares. TheStreet upgraded COSTAMARE INC/SH from a “d+” rating to a “c” rating in a research note on Thursday, July 25th. Citigroup lowered COSTAMARE INC/SH from a “neutral” rating to a “sell” rating and raised their price target for the company from $6.50 to $7.50 in a research note on Friday, November 1st. Zacks Investment Research upgraded COSTAMARE INC/SH from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Tuesday, October 8th. Finally, ValuEngine lowered COSTAMARE INC/SH from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $7.50.

The firm has a 50 day simple moving average of $6.89 and a 200-day simple moving average of $5.92. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.99. The company has a market cap of $951.37 million, a PE ratio of 19.64 and a beta of 2.26.

COSTAMARE INC/SH (NYSE:CMRE) last posted its earnings results on Wednesday, October 23rd. The shipping company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. COSTAMARE INC/SH had a return on equity of 8.70% and a net margin of 18.02%. The company had revenue of $123.37 million for the quarter, compared to analyst estimates of $116.48 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The firm’s quarterly revenue was up 37.9% compared to the same quarter last year. As a group, equities analysts anticipate that COSTAMARE INC/SH will post 0.88 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 22nd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.40 annualized dividend and a yield of 4.85%. COSTAMARE INC/SH’s dividend payout ratio (DPR) is presently 95.24%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP purchased a new position in COSTAMARE INC/SH in the second quarter valued at about $67,000. Trexquant Investment LP purchased a new position in COSTAMARE INC/SH in the second quarter valued at about $71,000. Commonwealth Equity Services LLC purchased a new position in COSTAMARE INC/SH in the second quarter valued at about $75,000. Cutter & CO Brokerage Inc. purchased a new position in COSTAMARE INC/SH in the second quarter valued at about $121,000. Finally, Stevens Capital Management LP purchased a new position in COSTAMARE INC/SH in the second quarter valued at about $137,000. Institutional investors own 20.55% of the company’s stock.

COSTAMARE INC/SH Company Profile (NYSE:CMRE)

Costamare Inc owns and charters containerships to liner companies worldwide. As of February 27, 2019, it had a fleet of 78 containerships with a total capacity of approximately 548,000 twenty foot equivalent unit (TEU), including 73 vessels in the water, aggregating approximately 484,000 TEU; and 5 new build vessels of 64,000 TEU.

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