Costamare (NYSE:CMRE) Hits New 52-Week High – What’s Next?

Costamare Inc. (NYSE:CMRE)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $17.57 and last traded at $17.51, with a volume of 197728 shares. The stock had previously closed at $17.02.

Analyst Ratings Changes

CMRE has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on shares of Costamare from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen lowered shares of Costamare from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings upgraded Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Costamare has an average rating of “Hold” and an average price target of $12.00.

Costamare Price Performance

The stock has a market cap of $2.11 billion, a PE ratio of 6.14 and a beta of 1.24. The company has a quick ratio of 1.70, a current ratio of 1.73 and a debt-to-equity ratio of 0.58. The business’s 50-day simple moving average is $16.20 and its 200-day simple moving average is $14.04.

Costamare (NYSE:CMRE) last posted its earnings results on Wednesday, February 18th. The shipping company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.14). The business had revenue of $200.18 million for the quarter, compared to analysts’ expectations of $204.00 million. Costamare had a net margin of 33.19% and a return on equity of 15.52%. Costamare’s revenue was down 6.9% compared to the same quarter last year. On average, research analysts expect that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, January 20th. Costamare’s payout ratio is presently 16.14%.

Hedge Funds Weigh In On Costamare

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMRE. DGS Capital Management LLC increased its stake in shares of Costamare by 28.6% during the fourth quarter. DGS Capital Management LLC now owns 24,605 shares of the shipping company’s stock valued at $389,000 after purchasing an additional 5,475 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Costamare by 30.5% in the 4th quarter. Mackenzie Financial Corp now owns 79,199 shares of the shipping company’s stock worth $1,249,000 after acquiring an additional 18,512 shares in the last quarter. Empowered Funds LLC raised its stake in Costamare by 1.9% during the 4th quarter. Empowered Funds LLC now owns 599,006 shares of the shipping company’s stock worth $9,458,000 after acquiring an additional 11,037 shares during the period. VestGen Advisors LLC purchased a new position in Costamare during the fourth quarter valued at approximately $5,455,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Costamare in the fourth quarter worth $1,185,000. Hedge funds and other institutional investors 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.