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

Shares of Costamare Inc. (NYSE:CMRE) reached a new 52-week high during trading on Thursday . The company 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

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Costamare from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings raised Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, Jefferies Financial Group boosted their price objective on Costamare from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Costamare Price Performance

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

Costamare (NYSE:CMRE) last released its quarterly 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). Costamare had a return on equity of 15.52% and a net margin of 33.19%.The firm had revenue of $200.18 million for the quarter, compared to the consensus estimate of $204.00 million. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts forecast that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CMRE. Jackson Creek Investment Advisors LLC purchased a new stake in Costamare in the 3rd quarter valued at about $1,917,000. American Century Companies Inc. boosted its holdings in shares of Costamare by 10.5% in the second quarter. American Century Companies Inc. now owns 1,322,039 shares of the shipping company’s stock worth $12,044,000 after acquiring an additional 125,533 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of Costamare in the third quarter valued at $1,796,000. Integrated Quantitative Investments LLC bought a new stake in Costamare during the 2nd quarter worth approximately $544,000. Finally, New York State Common Retirement Fund boosted its holdings in Costamare by 52.5% in the 2nd quarter. New York State Common Retirement Fund now owns 330,472 shares of the shipping company’s stock valued at $3,011,000 after purchasing an additional 113,757 shares during the period. Institutional investors and hedge funds 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.