TheStreet upgraded shares of COSTAMARE INC/SH (NYSE:CMRE) from a d+ rating to a c rating in a research report released on Thursday, TheStreetRatingsTable reports.

CMRE has been the subject of a number of other reports. ValuEngine downgraded Verso from a hold rating to a sell rating in a report on Thursday, May 23rd. Zacks Investment Research downgraded Phoenix New Media from a hold rating to a sell rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $7.00.

Shares of NYSE:CMRE traded up $0.16 during mid-day trading on Thursday, reaching $6.01. 849,274 shares of the stock were exchanged, compared to its average volume of 338,340. The company has a current ratio of 0.82, a quick ratio of 0.56 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $657.92 million, a P/E ratio of 14.31, a P/E/G ratio of 2.07 and a beta of 2.09. COSTAMARE INC/SH has a one year low of $4.20 and a one year high of $7.29. The business’s 50 day moving average price is $5.33.

COSTAMARE INC/SH (NYSE:CMRE) last posted its quarterly earnings data on Wednesday, July 24th. The shipping company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.10. The business had revenue of $116.40 million during the quarter, compared to the consensus estimate of $110.72 million. COSTAMARE INC/SH had a return on equity of 6.55% and a net margin of 14.26%. COSTAMARE INC/SH’s quarterly revenue was up 28.5% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. As a group, research analysts forecast that COSTAMARE INC/SH will post 0.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Monday, July 22nd will be given a dividend of $0.10 per share. The ex-dividend date is Friday, July 19th. This represents a $0.40 annualized dividend and a yield of 6.66%. COSTAMARE INC/SH’s dividend payout ratio (DPR) is presently 95.24%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp boosted its position in COSTAMARE INC/SH by 0.5% during the fourth quarter. Northern Trust Corp now owns 490,786 shares of the shipping company’s stock valued at $2,155,000 after purchasing an additional 2,503 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of COSTAMARE INC/SH in the first quarter valued at approximately $26,000. California Public Employees Retirement System lifted its position in shares of COSTAMARE INC/SH by 31.5% in the fourth quarter. California Public Employees Retirement System now owns 24,435 shares of the shipping company’s stock valued at $107,000 after buying an additional 5,852 shares during the last quarter. Strs Ohio lifted its position in shares of COSTAMARE INC/SH by 7.5% in the second quarter. Strs Ohio now owns 111,300 shares of the shipping company’s stock valued at $570,000 after buying an additional 7,800 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of COSTAMARE INC/SH by 469.8% in the first quarter. BNP Paribas Arbitrage SA now owns 10,382 shares of the shipping company’s stock valued at $54,000 after buying an additional 8,560 shares during the last quarter. 21.26% of the stock is owned by hedge funds and other institutional investors.

COSTAMARE INC/SH Company Profile

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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