Costamare (NYSE:CMRE) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Costamare (NYSE:CMRE) from a hold rating to a buy rating in a research report released on Saturday.

Separately, Weiss Ratings lowered Costamare from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.00.

Costamare Trading Down 1.7%

Shares of NYSE CMRE opened at $16.57 on Friday. The firm’s 50 day moving average price is $16.70 and its 200-day moving average price is $14.88. The company has a market cap of $1.99 billion, a PE ratio of 5.81 and a beta of 1.21. Costamare has a 52-week low of $6.63 and a 52-week high of $17.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.73.

Costamare (NYSE:CMRE) last announced its quarterly earnings results on Sunday, February 15th. The shipping company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.14). The firm had revenue of $200.18 million for the quarter, compared to the consensus estimate of $204.00 million. Costamare had a net margin of 33.19% and a return on equity of 15.52%. Costamare’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities research analysts expect that Costamare will post 2.52 EPS for the current fiscal year.

Costamare Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Tuesday, January 20th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $0.46 annualized dividend and a dividend yield of 2.8%. Costamare’s dividend payout ratio is presently 16.14%.

Hedge Funds Weigh In On Costamare

Several institutional investors have recently made changes to their positions in the business. ST Germain D J Co. Inc. bought a new stake in shares of Costamare during the 4th quarter valued at $29,000. Pinnacle Holdings LLC bought a new position in Costamare in the 4th quarter worth $30,000. Caitong International Asset Management Co. Ltd raised its holdings in Costamare by 652.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,627 shares of the shipping company’s stock worth $41,000 after purchasing an additional 2,278 shares during the period. Tower Research Capital LLC TRC lifted its position in Costamare by 204.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock valued at $63,000 after purchasing an additional 4,635 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in Costamare during the third quarter valued at $66,000. Institutional investors own 58.08% of the company’s stock.

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.