Costamare (NYSE:CMRE) Reaches New 12-Month High – Time to Buy?

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

Analyst Upgrades and Downgrades

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

Costamare Stock Performance

The stock has a market capitalization of $2.04 billion, a PE ratio of 6.78 and a beta of 1.24. 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 fifty day moving average of $15.74 and a 200-day moving average of $13.10.

Costamare (NYSE:CMRE) last issued its earnings results on Tuesday, November 4th. The shipping company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.11. The firm 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%. Equities analysts anticipate 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 Thursday, February 5th. Stockholders of record on Tuesday, January 20th will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, January 20th. Costamare’s dividend payout ratio is currently 18.40%.

Institutional Investors Weigh In On Costamare

Several institutional investors have recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. purchased a new position in Costamare in the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC grew its position in shares of 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 buying an additional 4,635 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Costamare in the 3rd quarter valued at $66,000. State of Alaska Department of Revenue acquired a new stake in Costamare during the 3rd quarter worth $79,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in Costamare in the second quarter valued at $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.