Costamare (NYSE:CMRE) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Costamare Inc. (NYSE:CMRE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.63 and traded as high as $16.89. Costamare shares last traded at $16.8370, with a volume of 377,946 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Costamare from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, March 5th. Wall Street Zen cut Costamare from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Costamare presently has an average rating of “Hold” and a consensus target price of $12.00.

Costamare Trading Up 1.2%

The company has a market cap of $2.02 billion, a P/E ratio of 5.91 and a beta of 1.21. The stock’s 50 day moving average is $16.59 and its 200-day moving average is $14.63. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58.

Costamare (NYSE:CMRE) last announced its quarterly earnings data on Wednesday, February 18th. The shipping company reported $0.60 EPS 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 analysts’ expectations of $204.00 million. Costamare had a net margin of 33.19% and a return on equity of 15.52%. Costamare’s revenue for the quarter was down 6.9% on a year-over-year basis. Research analysts anticipate that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Investors 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 2.7%. Costamare’s dividend payout ratio (DPR) is 16.14%.

Hedge Funds Weigh In On Costamare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jackson Creek Investment Advisors LLC bought a new position in shares of Costamare during the third quarter valued at $1,917,000. CWA Asset Management Group LLC bought a new stake in Costamare in the 3rd quarter worth about $1,796,000. American Century Companies Inc. increased its holdings in Costamare by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 1,322,039 shares of the shipping company’s stock worth $12,044,000 after buying an additional 125,533 shares in the last quarter. New York State Common Retirement Fund raised its position in Costamare by 52.5% in the 2nd quarter. New York State Common Retirement Fund now owns 330,472 shares of the shipping company’s stock worth $3,011,000 after buying an additional 113,757 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Costamare by 81.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,030,194 shares of the shipping company’s stock valued at $9,385,000 after acquiring an additional 462,582 shares during the period. 58.08% of the stock is owned by institutional investors.

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.