Costamare Inc. $CMRE Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Costamare Inc. (NYSE:CMRE) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 298,854 shares of the shipping company’s stock after selling 31,618 shares during the period. New York State Common Retirement Fund’s holdings in Costamare were worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new stake in Costamare during the 3rd quarter worth about $79,000. Tower Research Capital LLC TRC boosted its holdings in shares of Costamare by 204.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock worth $63,000 after buying an additional 4,635 shares during the period. TD Waterhouse Canada Inc. purchased a new position in shares of Costamare in the second quarter worth approximately $84,000. PharVision Advisers LLC acquired a new stake in shares of Costamare during the second quarter valued at approximately $100,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Costamare during the third quarter valued at approximately $145,000. 58.08% of the stock is owned by institutional investors and hedge funds.

Costamare Trading Up 2.2%

Shares of NYSE CMRE opened at $15.93 on Friday. The business has a 50 day simple moving average of $15.95 and a 200 day simple moving average of $13.44. Costamare Inc. has a 52 week low of $6.63 and a 52 week high of $17.50. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 6.37 and a beta of 1.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.65 and a current ratio of 1.68.

Costamare Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.115 per share. The ex-dividend date was Tuesday, January 20th. This represents a $0.46 annualized dividend and a dividend yield of 2.9%. Costamare’s dividend payout ratio is 18.40%.

Wall Street Analysts Forecast Growth

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

About Costamare

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.