Costamare (CMRE) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CMRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMRE, but not buy additional shares or sell existing shares.
View CMRE analyst ratings or view top-rated stocks.

3 analysts have issued 1 year target prices for Costamare's shares. Their CMRE share price forecasts range from $10.00 to $13.00. On average, they predict the company's stock price to reach $11.33 in the next year. This suggests a possible upside of 25.3% from the stock's current price.
View analysts price targets for CMRE or view top-rated stocks among Wall Street analysts.

Costamare's stock was trading at $9.28 at the beginning of the year. Since then, CMRE stock has decreased by 2.5% and is now trading at $9.0450.
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Costamare saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,670,000 shares, an increase of 9.0% from the April 30th total of 2,450,000 shares. Based on an average daily trading volume, of 587,600 shares, the days-to-cover ratio is currently 4.5 days. Approximately 5.5% 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 Thursday, July 27th 2023.
View our CMRE earnings forecast.

Costamare Inc. (NYSE:CMRE) released its quarterly earnings results on Monday, May, 15th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.38. The shipping company earned $248.77 million during the quarter, compared to the consensus estimate of $227.06 million. Costamare had a net margin of 53.06% and a trailing twelve-month return on equity of 17.47%.

Costamare declared a quarterly dividend on Monday, April 3rd. Shareholders of record on Wednesday, April 19th will be given a dividend of $0.115 per share on Friday, May 5th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Tuesday, April 18th.
Read our dividend analysis for CMRE.

ETFs with the largest weight of Costamare (NYSE:CMRE) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN) and SonicShares Global Shipping ETF (BOAT).Pacer Industrials and Logistics ETF (SHPP).

Costamare (NYSE:CMRE) pays an annual dividend of $0.46 per share and currently has a dividend yield of 5.03%. CMRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 10.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMRE will have a dividend payout ratio of 15.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMRE.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMRE."

Costamare's stock is owned by many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (6.08%), BlackRock Inc. (2.22%), Renaissance Technologies LLC (1.63%), State Street Corp (0.84%), Ameriprise Financial Inc. (0.80%) and Globeflex Capital L P (0.45%).

Shares of CMRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CMRE stock can currently be purchased for approximately $9.05.

Costamare (NYSE:CMRE) has a market capitalization of $1.11 billion and generates $1.11 billion in revenue each year. The shipping company earns $554.96 million in net income (profit) each year or $4.50 on an earnings per share basis.

The company employs 2,750 workers across the globe.

Costamare's mailing address is 7 RUE DU GABIAN, MONACO O9, MC98000. The official website for the company is www.costamare.com. The shipping company can be reached via phone at (779) 325-0940, via email at ir@costamare.com, or via fax at 377-9325-0942.