Costamare (NYSE:CMRE) Sets New 1-Year High – What’s Next?

Shares of Costamare Inc. (NYSE:CMRE) hit a new 52-week high on Thursday . The company traded as high as $16.97 and last traded at $16.9580, with a volume of 324101 shares traded. The stock had previously closed at $16.53.

Wall Street Analyst Weigh In

CMRE has been the subject of a number of research analyst reports. Weiss Ratings raised Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Wall Street Zen raised shares of Costamare from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Zacks Research lowered shares of Costamare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Finally, Jefferies Financial Group increased their price target on shares of Costamare from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Costamare Stock Performance

The company has a market capitalization of $2.02 billion, a P/E ratio of 6.71 and a beta of 1.24. The company’s 50 day moving average is $15.84 and its 200-day moving average is $13.17. The company has a current ratio of 1.68, a quick ratio of 1.65 and a debt-to-equity ratio of 0.62.

Costamare (NYSE:CMRE) last announced its quarterly earnings data on Tuesday, November 4th. The shipping company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.11. Costamare had a net margin of 22.23% and a return on equity of 15.15%. The business had revenue of $225.17 million for the quarter, compared to analysts’ expectations of $197.92 million. Equities analysts anticipate that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, January 20th. Costamare’s payout ratio is 18.40%.

Hedge Funds Weigh In On Costamare

Large investors have recently modified their holdings of the stock. ST Germain D J Co. Inc. purchased a new position in Costamare in the fourth quarter worth about $29,000. Tower Research Capital LLC TRC increased its position in shares of Costamare by 204.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock valued at $63,000 after acquiring an additional 4,635 shares in the last quarter. Focus Partners Wealth purchased a new position in Costamare in the 3rd quarter worth approximately $66,000. State of Alaska Department of Revenue bought a new position in Costamare in the 3rd quarter valued at approximately $79,000. Finally, TD Waterhouse Canada Inc. bought a new position in Costamare in the 2nd quarter valued at approximately $84,000. Hedge funds and other institutional investors own 58.08% of the company’s stock.

About Costamare

Costamare Inc is a leading owner and manager of containerships, specializing in the acquisition, chartering and operation of modern container vessels. The company secures employment for its fleet under a mix of long‐term and short‐term agreements, providing vital capacity to major shipping lines and leveraging fixed-rate charters to support cash flow stability.

Founded in 1974 and headquartered in Athens, Greece, Costamare has cultivated a disciplined approach to fleet renewal, often overseeing newbuild supervision and shipyard coordination to ensure vessels meet performance and environmental standards.