CMRE Stock Recent News
CMRE LATEST HEADLINES
Costamare (CMRE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
MONACO , June 14, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”, “we” or “our”) (NYSE: CMRE) announced today that the Company will redeem all of its outstanding shares of 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the “Series E Preferred Stock”, and the redemption thereof, the “Redemption”) held by shareholders (the “Holders”), pursuant to that certain Statement of Designation, dated as of January 26, 2018. The Company expects the redemption date for the shares of Series E Preferred Stock to occur on July 15, 2024 (the “Redemption Date”). The redemption price of the shares of Series E Preferred Stock will be $25.00 per share plus accrued and unpaid dividends in respect of the Series E Preferred Stock up to, but not including, the Redemption Date (the “Redemption Price”). As of the date of this press release, there were 4,574,100 Series E Preferred Stock outstanding.
Costamare (CMRE) closed the most recent trading day at $15.42, moving -0.32% from the previous trading session.
HHS, NMM and CMRE made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 11, 2024.
In the most recent trading session, Costamare (CMRE) closed at $15.47, indicating no shift from the previous trading day.
OMAB, FCBC and CMRE made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 4, 2023.
NMM, CMRE and AGRO made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 4, 2023.
Costamare (CMRE) concluded the recent trading session at $16.20, signifying a +1.19% move from its prior day's close.
Here is how Costamare (CMRE) and Despegar.com (DESP) have performed compared to their sector so far this year.