Costamare (NYSE:CMRE – Free Report) had its price target lifted by Stifel Nicolaus from $12.00 to $14.00 in a report released on Wednesday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the shipping company’s stock.
Several other research analysts have also recently weighed in on CMRE. StockNews.com cut Costamare from a strong-buy rating to a buy rating in a research report on Tuesday, May 21st. Jefferies Financial Group lifted their price target on Costamare from $11.00 to $12.00 and gave the company a hold rating in a research report on Friday, May 10th.
Read Our Latest Stock Report on CMRE
Costamare Trading Down 1.3 %
Costamare (NYSE:CMRE – Get Free Report) last announced its quarterly earnings data on Friday, May 10th. The shipping company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. Costamare had a return on equity of 12.61% and a net margin of 19.26%. The firm had revenue of $475.43 million during the quarter, compared to analysts’ expectations of $383.32 million. On average, research analysts anticipate that Costamare will post 2.93 EPS for the current fiscal year.
Costamare Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Friday, July 19th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, July 19th. Costamare’s dividend payout ratio is presently 17.83%.
Institutional Trading of Costamare
A number of institutional investors have recently made changes to their positions in the company. Raymond James & Associates acquired a new position in Costamare during the fourth quarter worth $135,000. Unison Advisors LLC boosted its stake in Costamare by 1.2% during the fourth quarter. Unison Advisors LLC now owns 81,014 shares of the shipping company’s stock worth $843,000 after buying an additional 977 shares during the last quarter. Denali Advisors LLC boosted its stake in Costamare by 8.0% during the fourth quarter. Denali Advisors LLC now owns 450,495 shares of the shipping company’s stock worth $4,690,000 after buying an additional 33,400 shares during the last quarter. Ballentine Partners LLC acquired a new position in Costamare during the fourth quarter worth $114,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Costamare by 63.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 39,037 shares of the shipping company’s stock worth $406,000 after buying an additional 15,099 shares during the last quarter. 58.08% of the stock is owned by institutional investors and hedge funds.
Costamare Company Profile
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