Costamare (CMRE) Stock Price, News & Analysis

3 Wall Street 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 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 price objectives for Costamare's stock. Their CMRE share price targets range from $11.00 to $12.00. On average, they expect the company's stock price to reach $11.67 in the next year. This suggests that the stock has a possible downside of 12.6%.
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 the year. Since then, CMRE stock has increased by 28.3% and is now trading at $13.3550.
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Costamare saw a increase in short interest in 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 daily trading volume, of 405,200 shares, the short-interest ratio is currently 3.4 days. Approximately 3.2% of the company's stock are sold short.
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) announced its quarterly earnings data on Wednesday, February, 7th. The shipping company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. The shipping company earned $494.85 million during the quarter, compared to analyst estimates of $419 million. Costamare had a net margin of 19.26% and a trailing twelve-month return on equity of 12.81%. During the same quarter in the previous year, the company posted $0.61 earnings per share.

Costamare announced a quarterly dividend on Tuesday, April 2nd. Shareholders 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 annualized dividend and a yield of 3.44%. 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 3.44%. 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 17.49% 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).Roundhill Acquirers Deep Value ETF (DEEP).

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 many different institutional and retail investors. Top institutional investors include Empowered Funds LLC (0.43%), Vanguard Group Inc. (0.27%), Los Angeles Capital Management LLC (0.19%), Russell Investments Group Ltd. (0.12%), Acadian Asset Management LLC (0.09%) and BNP Paribas Financial Markets (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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