Costamare (NYSE:CMRE) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Costamare Inc. (NYSE:CMRE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.94 and traded as high as $15.66. Costamare shares last traded at $15.60, with a volume of 121,079 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their target price on Costamare from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen raised shares of Costamare from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Costamare in a report on Monday. Finally, Zacks Research downgraded shares of Costamare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Costamare currently has a consensus rating of “Hold” and an average target price of $12.00.

Costamare Stock Down 0.4%

The company has a market capitalization of $1.88 billion, a P/E ratio of 6.24 and a beta of 1.27. The company has a quick ratio of 1.65, a current ratio of 1.68 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $14.29 and a 200-day simple moving average of $11.94.

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

Costamare Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Tuesday, October 21st were paid a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $0.46 annualized dividend and a dividend yield of 2.9%. Costamare’s dividend payout ratio (DPR) is currently 18.40%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CMRE. Kingstone Capital Partners Texas LLC acquired a new stake in Costamare in the 2nd quarter valued at approximately $26,767,000. American Century Companies Inc. lifted its position in shares of Costamare by 13.5% in the third quarter. American Century Companies Inc. now owns 1,500,464 shares of the shipping company’s stock worth $17,871,000 after purchasing an additional 178,425 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Costamare by 2.1% in the third quarter. Bridgeway Capital Management LLC now owns 1,200,169 shares of the shipping company’s stock worth $14,294,000 after purchasing an additional 25,154 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Costamare by 12.7% during the third quarter. JPMorgan Chase & Co. now owns 1,161,408 shares of the shipping company’s stock worth $13,832,000 after purchasing an additional 131,214 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Costamare by 3.2% in the third quarter. Ameriprise Financial Inc. now owns 828,789 shares of the shipping company’s stock valued at $9,871,000 after purchasing an additional 25,985 shares in the last quarter. 58.08% of the stock is currently owned by institutional investors.

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.