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

Costamare Inc. (NYSE:CMRE) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.14 and traded as high as $17.44. Costamare shares last traded at $17.1490, with a volume of 384,885 shares changing hands.

Analysts Set New Price Targets

Several analysts recently issued reports on CMRE shares. Weiss Ratings lowered shares of Costamare from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. Fearnley Fonds upgraded shares of Costamare from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of Costamare from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.00.

Costamare Trading Up 3.7%

The firm has a market capitalization of $2.09 billion, a P/E ratio of 6.49 and a beta of 1.10. The stock’s 50-day simple moving average is $16.97 and its two-hundred day simple moving average is $16.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.96 and a quick ratio of 1.92.

Costamare (NYSE:CMRE) last posted its quarterly earnings results on Wednesday, April 29th. The shipping company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $199.25 million during the quarter, compared to analyst estimates of $191.50 million. Costamare had a net margin of 39.93% and a return on equity of 16.42%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share.

Costamare Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 5th. Investors of record on Monday, April 20th were given a dividend of $0.115 per share. The ex-dividend date was Monday, April 20th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.6%. Costamare’s dividend payout ratio is currently 17.16%.

Hedge Funds Weigh In On Costamare

A number of hedge funds and other institutional investors have recently modified their holdings of CMRE. Millennium Management LLC bought a new position in shares of Costamare during the first quarter worth $6,075,000. Goldman Sachs Group Inc. lifted its position in Costamare by 113.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,116,647 shares of the shipping company’s stock valued at $17,632,000 after purchasing an additional 593,734 shares during the last quarter. Marshall Wace LLP lifted its position in Costamare by 527.7% during the second quarter. Marshall Wace LLP now owns 703,932 shares of the shipping company’s stock valued at $6,413,000 after purchasing an additional 591,785 shares during the last quarter. VestGen Advisors LLC bought a new position in Costamare during the fourth quarter valued at $5,455,000. Finally, Informed Momentum Co LLC bought a new position in Costamare during the fourth quarter valued at $3,682,000. Institutional investors own 58.08% of the company’s stock.

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.