Costamare (NYSE:CMRE) Lowered to “Hold” Rating by Wall Street Zen

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

CMRE has been the topic of several other reports. Jefferies Financial Group upped 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. Weiss Ratings upgraded Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Costamare presently has a consensus rating of “Hold” and an average target price of $12.00.

Costamare Stock Up 1.9%

Costamare stock opened at $17.20 on Friday. Costamare has a twelve month low of $6.63 and a twelve month high of $17.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 1.73. The firm has a market cap of $2.07 billion, a PE ratio of 6.03 and a beta of 1.24. The firm’s 50 day moving average price is $16.12 and its two-hundred day moving average price is $13.92.

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

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 given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, January 20th. Costamare’s dividend payout ratio (DPR) is currently 16.14%.

Institutional Trading of Costamare

Several hedge funds have recently added to or reduced their stakes in CMRE. ST Germain D J Co. Inc. acquired a new stake in Costamare in the 4th quarter valued at approximately $29,000. Pinnacle Holdings LLC acquired a new stake in shares of Costamare in the fourth quarter worth $30,000. Tower Research Capital LLC TRC increased 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 worth $63,000 after acquiring an additional 4,635 shares during the period. Focus Partners Wealth bought a new position in Costamare during the third quarter worth $66,000. Finally, State of Alaska Department of Revenue acquired a new position in Costamare during the 3rd quarter valued at $79,000. Institutional investors own 58.08% of the company’s stock.

Key Stories Impacting Costamare

Here are the key news stories impacting Costamare this week:

• Positive Sentiment: Large long-term charter wins and backlog drive optimism — management highlighted new charter agreements (reportedly totaling roughly $940M of contract backlog) that boost contracted revenue visibility and support fleet utilization, a key reason investors bid the stock up. Read More.
• Positive Sentiment: Earnings call stressed strong charter market fundamentals and contract wins — management described robust Capesize/Panamax/Supramax markets and emphasized the pipeline of period charters and index-linked agreements that support forward cash flow. Read More.
• Neutral Sentiment: Q4 results were mixed: operational strength vs. near-term accounting/earnings misses — the quarter showed solid charter activity but EPS missed consensus and revenue was roughly flat-to-down versus prior year in some reports; investors are treating the quarter as transitory given the contract wins. Read More.
• Neutral Sentiment: Spin-off (Costamare Bulkers — CMDB) results provide clarity but add near-term noise — CMDB reported its own Q4 figures and a realignment with Cargill that moves trading positions off the platform; this clarifies exposures but creates transitional adjustments for the group. Read More.
• Negative Sentiment: Costamare Bulkers reported an adjusted net loss for Q4 and legacy/charter‑in costs remain high — CMDB showed an adjusted Q4 loss (~$1.7M) and very large charter‑in hire expenses, underscoring margin pressure from third‑party tonnage and legacy positions that could feed through to consolidated results or require further fleet reshuffling. Read More.
• Negative Sentiment: Near-term EPS miss and non-recurring items create headline risk — CMRE’s Q4 EPS missed street estimates and the quarter included non-recurring/realignment costs and derivative/mark‑to‑market items that could keep headlines volatile despite the stronger forward book. Read More.

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.