StockNews.com lowered shares of Costamare (NYSE:CMRE – Free Report) from a buy rating to a hold rating in a research note published on Thursday morning.
Several other brokerages have also recently commented on CMRE. Stifel Nicolaus raised their target price on shares of Costamare from $12.00 to $14.00 and gave the stock a hold rating in a report on Wednesday, July 24th. Jefferies Financial Group raised their target price on shares of Costamare from $12.00 to $13.00 and gave the stock a hold rating in a report on Wednesday, July 31st.
Get Our Latest Stock Analysis on Costamare
Costamare Trading Down 1.3 %
Costamare Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 6th. Investors of record on Friday, July 19th were paid a $0.115 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.46 dividend on an annualized basis and a yield of 3.32%. Costamare’s dividend payout ratio (DPR) is 17.83%.
Institutional Trading of Costamare
A number of hedge funds and other institutional investors have recently modified their holdings of CMRE. Parallel Advisors LLC lifted its holdings in shares of Costamare by 197.8% during the fourth quarter. Parallel Advisors LLC now owns 4,059 shares of the shipping company’s stock worth $42,000 after purchasing an additional 2,696 shares during the period. Quarry LP lifted its holdings in shares of Costamare by 48.5% during the fourth quarter. Quarry LP now owns 4,216 shares of the shipping company’s stock worth $44,000 after purchasing an additional 1,376 shares during the period. CWM LLC lifted its holdings in shares of Costamare by 53.6% during the second quarter. CWM LLC now owns 4,302 shares of the shipping company’s stock worth $71,000 after purchasing an additional 1,502 shares during the period. Redwood Wealth Management Group LLC acquired a new position in shares of Costamare during the second quarter worth $80,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Costamare during the first quarter worth $132,000. Institutional investors own 58.08% of the company’s stock.
Costamare Company Profile
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