Costamare (CMRE) Stock Price, News & Analysis

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CMRE shares.
View CMRE analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 12-month price targets for Costamare's shares. Their CMRE share price targets range from $10.00 to $11.00. On average, they predict the company's stock price to reach $10.50 in the next twelve months. This suggests that the stock has a possible downside of 5.1%.
View analysts price targets for CMRE or view top-rated stocks among Wall Street analysts.

Costamare's stock was trading at $10.41 at the beginning of 2024. Since then, CMRE stock has increased by 6.3% and is now trading at $11.0650.
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Costamare saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,270,000 shares, a decline of 6.6% from the March 15th total of 1,360,000 shares. Based on an average trading volume of 441,300 shares, the short-interest ratio is presently 2.9 days. Currently, 2.8% of the shares of the company are short sold.
View Costamare's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our CMRE earnings forecast.

Costamare Inc. (NYSE:CMRE) announced its quarterly earnings data on Wednesday, February, 7th. The shipping company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. The shipping company earned $494.85 million during the quarter, compared to analyst estimates of $419 million. Costamare had a net margin of 25.26% and a trailing twelve-month return on equity of 11.37%. During the same period in the previous year, the business posted $0.61 EPS.

Costamare declared a quarterly dividend on Tuesday, April 2nd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.115 per share on Monday, May 6th. This represents a $0.46 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Thursday, April 18th.
Read our dividend analysis for CMRE.

Costamare (NYSE:CMRE) pays an annual dividend of $0.46 per share and currently has a dividend yield of 4.18%. CMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 15.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMRE will have a dividend payout ratio of 17.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMRE.

SonicShares Global Shipping ETF holds 55,699 shares of CMRE stock, representing 1.41% of its portfolio.

Based on aggregate information from My MarketBeat watchlists, some companies that other Costamare investors own include Intersect ENT (XENT), SEASPAN CORP/SH SH (SSW), AT&T (T), Enterprise Products Partners (EPD), Wells Fargo & Company (WFC), Annaly Capital Management (NLY), Textainer Group (TGH), Energy Transfer (ET), AGNC Investment (AGNC) and DHT (DHT).

Costamare's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.19%), DGS Capital Management LLC (0.02%) and Ballentine Partners LLC (0.01%).

Shares of CMRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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