Costamare (CMRE) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Costamare in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 brokers have issued 1-year target prices for Costamare's stock. Their CMRE share price targets range from $11.00 to $12.00. On average, they predict the company's stock price to reach $11.67 in the next year. This suggests that the stock has a possible downside of 27.1%.
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 shares have increased by 53.8% and is now trading at $16.01.
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Costamare saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,390,000 shares, an increase of 12.1% from the April 15th total of 1,240,000 shares. Based on an average trading volume of 405,200 shares, the days-to-cover ratio is currently 3.4 days. Approximately 3.2% of the shares of the stock are short sold.
View Costamare's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, July 26th 2024.
View our CMRE earnings forecast.

Costamare Inc. (NYSE:CMRE) released its earnings results on Friday, May, 10th. The shipping company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. The shipping company had revenue of $475.43 million for the quarter, compared to analysts' expectations of $383.32 million. Costamare had a trailing twelve-month return on equity of 12.61% and a net margin of 19.26%.

Costamare announced a quarterly dividend on Tuesday, April 2nd. Investors of record on Friday, April 19th will be given a dividend of $0.115 per share on Monday, May 6th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend 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 2.94%. The dividend payout ratio is 17.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMRE will have a dividend payout ratio of 16.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMRE.

ETFs with the largest weight of Costamare (NYSE:CMRE) stock in their portfolio include SonicShares Global Shipping ETF (BOAT) and Roundhill Acquirers Deep Value ETF (DEEP).EA Bridgeway Omni Small-Cap Value ETF (BSVO).

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 variety of retail and institutional investors. Top institutional shareholders include Bridgeway Capital Management LLC (1.35%), Empowered Funds LLC (0.43%), Vanguard Group Inc. (0.27%), Los Angeles Capital Management LLC (0.19%), Russell Investments Group Ltd. (0.12%) and Acadian Asset Management LLC (0.09%).

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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