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

Costamare (NYSE:CMRE) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

CMRE has been the topic of several other research reports. Jefferies Financial Group upped their price target on Costamare from $11.00 to $12.00 and gave the company a “hold” rating in a 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 investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.00.

Costamare Price Performance

Shares of Costamare stock opened at $17.20 on Friday. Costamare has a 52 week low of $6.63 and a 52 week high of $17.52. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $16.12 and its two-hundred day moving average price is $13.90. The stock has a market cap of $2.07 billion, a PE ratio of 6.03 and a beta of 1.24.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CMRE. American Century Companies Inc. lifted its position in Costamare by 13.5% in the 3rd quarter. American Century Companies Inc. now owns 1,500,464 shares of the shipping company’s stock worth $17,871,000 after buying an additional 178,425 shares in the last quarter. Bridgeway Capital Management LLC increased its stake 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 acquiring an additional 25,154 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 acquiring an additional 131,214 shares in the last quarter. Goldman Sachs Group Inc. boosted 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. Finally, Ameriprise Financial Inc. grew its stake 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. Institutional investors and hedge funds own 58.08% of the company’s stock.

Costamare News Summary

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.

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.