Costamare (NYSE:CMRE) Sets New 52-Week High - Here's What Happened

Key Points

• New 52-week high: Costamare intraday traded as high as $18.06 (last $17.745; volume 81,138) and is trading above its 50‑ and 200‑day moving averages ($16.89 and $15.15) with a market cap of about $2.15 billion.
• Analyst sentiment is mixed — the consensus rating is "Hold" with an average price target of $12.00, amid recent conflicting notes (a Weiss downgrade and a Wall Street Zen upgrade).
• The latest quarter missed estimates (EPS $0.60 vs. $0.74 expected; revenue down 6.9% YoY), and the company declared a quarterly dividend of $0.115 ($0.46 annualized, ~2.6% yield; ex-dividend Apr 20, payable May 5).

Costamare Inc. (NYSE:CMRE - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.06 and last traded at $17.7450, with a volume of 81138 shares trading hands. The stock had previously closed at $17.64.

Analysts Set New Price Targets

Several analysts have recently issued reports on CMRE shares. Weiss Ratings cut shares of Costamare from a "buy (b-)" rating to a "hold (c)" rating in a research note on Thursday, March 5th. Wall Street Zen raised shares of Costamare from a "hold" rating to a "buy" rating in a research note on Saturday, March 28th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $12.00.

Costamare Price Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.73. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 6.27 and a beta of 1.22. The company's fifty day moving average is $16.89 and its two-hundred day moving average is $15.15.

Costamare (NYSE:CMRE - Get Free Report) last posted its earnings results on Sunday, February 15th. The shipping company reported $0.60 earnings per share 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 analyst estimates of $204.00 million. Costamare had a net margin of 33.19% and a return on equity of 15.52%. The business's revenue for the quarter was down 6.9% on a year-over-year basis. Equities research analysts forecast that Costamare Inc. will post 2.52 EPS for the current year.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 20th will be issued a $0.115 dividend. The ex-dividend date is Monday, April 20th. This represents a $0.46 dividend on an annualized basis and a yield of 2.6%. Costamare's payout ratio is currently 16.14%.

Hedge Funds Weigh In On Costamare

A number of institutional investors have recently added to or reduced their stakes in CMRE. ST Germain D J Co. Inc. acquired a new position in Costamare in the 4th quarter worth $29,000. Pinnacle Holdings LLC acquired a new position in Costamare in the 4th quarter worth $30,000. Caitong International Asset Management Co. Ltd lifted its holdings in Costamare by 652.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,627 shares of the shipping company's stock worth $41,000 after buying an additional 2,278 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Costamare by 204.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company's stock worth $63,000 after buying an additional 4,635 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in Costamare in the 3rd quarter worth $66,000. Institutional investors and hedge funds 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.

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