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

Costamare Inc. (NYSE:CMRE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.50 and last traded at $17.13, with a volume of 739376 shares traded. The stock had previously closed at $17.33.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Costamare from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Jefferies Financial Group upped their price target on shares of Costamare from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Zacks Research lowered Costamare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings raised Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.00.

Costamare Trading Down 1.2%

The company has a quick ratio of 1.65, a current ratio of 1.68 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $2.06 billion, a P/E ratio of 6.85 and a beta of 1.24. The firm’s 50 day simple moving average is $15.92 and its two-hundred day simple moving average is $13.33.

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

Costamare Dividend Announcement

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

Institutional Trading of Costamare

Hedge funds have recently bought and sold shares of the business. ST Germain D J Co. Inc. acquired a new position in Costamare during the fourth quarter worth $29,000. Focus Partners Wealth bought a new stake in shares of Costamare during the third quarter worth about $66,000. State of Alaska Department of Revenue acquired a new stake in shares of Costamare in the 3rd quarter worth about $79,000. Tower Research Capital LLC TRC lifted its position in Costamare by 204.9% in the 2nd 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. Finally, BNP Paribas Financial Markets lifted its position in Costamare by 84.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,828 shares of the shipping company’s stock valued at $105,000 after acquiring an additional 4,040 shares in the last quarter. Institutional investors and hedge funds own 58.08% of the company’s stock.

Costamare Company Profile

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.