Costamare (NYSE:CMRE) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Costamare Inc. (NYSE:CMRE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.84 and traded as high as $17.15. Costamare shares last traded at $16.8560, with a volume of 493,277 shares.

Analyst Ratings Changes

CMRE has been the topic of several research analyst reports. Weiss Ratings cut shares of Costamare from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, March 5th. Wall Street Zen cut shares of Costamare from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.00.

Costamare Stock Performance

The firm has a fifty day moving average of $16.68 and a 200-day moving average of $14.84. The company has a quick ratio of 1.70, a current ratio of 1.73 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.03 billion, a P/E ratio of 5.91 and a beta of 1.21.

Costamare (NYSE:CMRE) last released its earnings results on Wednesday, February 18th. The shipping company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14). The business had revenue of $200.18 million for the quarter, compared to analyst estimates of $204.00 million. Costamare had a net margin of 33.19% and a return on equity of 15.52%. The business’s revenue was down 6.9% on a year-over-year basis. Research analysts predict that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Tuesday, January 20th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, January 20th. Costamare’s payout ratio is 16.14%.

Hedge Funds Weigh In On Costamare

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jackson Creek Investment Advisors LLC acquired a new position in shares of Costamare in the 3rd quarter valued at $1,917,000. CWA Asset Management Group LLC acquired a new stake in shares of Costamare during the third quarter worth $1,796,000. American Century Companies Inc. increased its holdings in Costamare by 10.5% in the second quarter. American Century Companies Inc. now owns 1,322,039 shares of the shipping company’s stock valued at $12,044,000 after purchasing an additional 125,533 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Costamare by 52.5% in the second quarter. New York State Common Retirement Fund now owns 330,472 shares of the shipping company’s stock valued at $3,011,000 after buying an additional 113,757 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Costamare by 81.5% during the second quarter. JPMorgan Chase & Co. now owns 1,030,194 shares of the shipping company’s stock worth $9,385,000 after buying an additional 462,582 shares during the last quarter. 58.08% of the stock is owned by institutional investors.

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.