Costamare Inc. owns and charters containerships to liner companies worldwide. As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT. The company was founded in 1974 and is based in Monaco.
Wall Street Analysts Forecast Growth
Several research firms have commented on CMRE. Jefferies Financial Group started coverage on shares of Costamare in a report on Wednesday, July 20th. They set a "buy" rating and a $19.00 price target for the company. Stifel Nicolaus dropped their target price on Costamare from $16.00 to $15.00 in a report on Tuesday, July 19th. Finally, StockNews.com upgraded Costamare from a "hold" rating to a "buy" rating in a research note on Friday, July 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $17.67.
Costamare Stock Up 0.6 %
Shares of NYSE:CMRE traded up $0.07 during trading on Friday, hitting $11.96. 493,788 shares of the company were exchanged, compared to its average volume of 556,133. The firm's 50 day moving average price is $11.80 and its 200-day moving average price is $13.67. Costamare has a 12-month low of $10.24 and a 12-month high of $18.01. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.76 and a quick ratio of 1.71. The stock has a market capitalization of $1.48 billion, a P/E ratio of 3.02 and a beta of 1.41.
Costamare Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 8th. Investors of record on Thursday, July 21st were given a $0.115 dividend. The ex-dividend date of this dividend was Wednesday, July 20th. This represents a $0.46 dividend on an annualized basis and a yield of 3.85%. Costamare's dividend payout ratio (DPR) is presently 11.62%.