Costamare (NYSE:CMRE) Sets New 52-Week High – Should You Buy?

Costamare Inc. (NYSE:CMRE)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $16.48 and last traded at $16.58, with a volume of 100022 shares traded. The stock had previously closed at $16.19.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMRE. Jefferies Financial Group lifted 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Costamare in a research report on Monday, December 29th. Zacks Research lowered Costamare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Finally, Wall Street Zen raised shares of Costamare from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Costamare Trading Up 2.1%

The firm has a fifty day moving average of $15.21 and a two-hundred day moving average of $12.50. The company has a market cap of $1.99 billion, a PE ratio of 6.61 and a beta of 1.24. 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 posted its earnings results on Tuesday, November 4th. The shipping company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.11. Costamare had a return on equity of 15.15% and a net margin of 22.23%.The firm had revenue of $225.17 million for the quarter, compared to the consensus estimate of $197.92 million. As a group, sell-side analysts predict that Costamare Inc. will post 2.52 EPS for the current 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 paid a $0.115 dividend. The ex-dividend date is Tuesday, January 20th. This represents a $0.46 annualized dividend and a yield of 2.8%. Costamare’s dividend payout ratio (DPR) is currently 18.40%.

Hedge Funds Weigh In On Costamare

Large investors have recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of Costamare by 10.5% during the 2nd quarter. American Century Companies Inc. now owns 1,322,039 shares of the shipping company’s stock valued at $12,044,000 after purchasing an additional 125,533 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in Costamare in the third quarter worth approximately $1,796,000. New York State Common Retirement Fund grew its position in Costamare by 52.5% during the second quarter. New York State Common Retirement Fund now owns 330,472 shares of the shipping company’s stock valued at $3,011,000 after acquiring an additional 113,757 shares during the last quarter. JPMorgan Chase & Co. grew its position in Costamare by 81.5% during the second quarter. JPMorgan Chase & Co. now owns 1,030,194 shares of the shipping company’s stock valued at $9,385,000 after acquiring an additional 462,582 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Costamare by 21.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,914 shares of the shipping company’s stock worth $436,000 after acquiring an additional 8,409 shares in the last quarter. 58.08% of the stock is currently owned by institutional investors.

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.