Costamare (NYSE:CMRE) Sets New 52-Week High – Here’s What Happened

Shares of Costamare Inc. (NYSE:CMRE) hit a new 52-week high during trading on Thursday . The company traded as high as $18.06 and last traded at $17.7450, with a volume of 81138 shares. The stock had previously closed at $17.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Costamare from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings lowered shares of Costamare from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

Costamare Trading Up 1.4%

The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average is $16.89 and its two-hundred day moving average is $15.15. The firm has a market cap of $2.15 billion, a P/E ratio of 6.27 and a beta of 1.22.

Costamare (NYSE:CMRE) last announced its quarterly earnings data on Sunday, February 15th. The shipping company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14). Costamare had a net margin of 33.19% and a return on equity of 15.52%. The business had revenue of $200.18 million for the quarter, compared to the consensus estimate of $204.00 million. The firm’s revenue was down 6.9% on a year-over-year basis. As a group, analysts expect that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 20th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, April 20th. Costamare’s dividend payout ratio is currently 16.14%.

Institutional Investors Weigh In On Costamare

Institutional investors have recently modified their holdings of the business. ST Germain D J Co. Inc. bought a new stake in shares of Costamare during the 4th quarter valued at about $29,000. Pinnacle Holdings LLC bought a new stake in shares of Costamare during the 4th quarter valued at about $30,000. Caitong International Asset Management Co. Ltd grew its position in shares of Costamare by 652.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,627 shares of the shipping company’s stock valued at $41,000 after buying an additional 2,278 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Costamare during the 3rd quarter valued at about $66,000. Finally, State of Alaska Department of Revenue bought a new position in Costamare in the 3rd quarter worth about $79,000. 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.