Costamare (NYSE:CMRE) Reaches New 12-Month High – Should You Buy?

Costamare Inc. (NYSE:CMRE) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $17.50 and last traded at $17.13, with a volume of 739376 shares. The stock had previously closed at $17.33.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group upped their price target on Costamare from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings upgraded shares of Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Wall Street Zen upgraded shares of Costamare from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Zacks Research cut shares of Costamare from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.00.

Costamare Trading Down 1.2%

The stock has a market capitalization of $2.06 billion, a PE ratio of 6.85 and a beta of 1.24. The company has a current ratio of 1.68, a quick ratio of 1.65 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $15.92 and a 200-day moving average price of $13.33.

Costamare (NYSE:CMRE) last posted its quarterly earnings results on Tuesday, November 4th. The shipping company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.11. Costamare had a net margin of 22.23% and a return on equity of 15.15%. The company had revenue of $225.17 million during the quarter, compared to analyst estimates of $197.92 million. As a group, equities analysts forecast that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, January 20th. Costamare’s payout ratio is presently 18.40%.

Institutional Investors Weigh In On Costamare

A number of hedge funds have recently modified their holdings of CMRE. Strs Ohio lifted its stake in Costamare by 54.3% in the fourth quarter. Strs Ohio now owns 41,200 shares of the shipping company’s stock valued at $651,000 after purchasing an additional 14,500 shares during the last quarter. UBS Group AG raised its stake in shares of Costamare by 75.5% in the fourth quarter. UBS Group AG now owns 212,959 shares of the shipping company’s stock valued at $3,363,000 after buying an additional 91,584 shares during the period. ST Germain D J Co. Inc. purchased a new position in shares of Costamare during the 4th quarter valued at $29,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Costamare by 17.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 649,363 shares of the shipping company’s stock worth $10,253,000 after acquiring an additional 94,618 shares during the period. Finally, Apollon Wealth Management LLC purchased a new stake in Costamare in the 4th quarter worth about $176,000. Institutional investors 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.