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

Costamare Inc. (NYSE:CMRE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.84 and traded as high as $17.15. Costamare shares last traded at $16.8560, with a volume of 493,277 shares traded.

Wall Street Analyst Weigh In

CMRE has been the topic of several recent analyst reports. Weiss Ratings lowered Costamare from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, March 5th. Wall Street Zen lowered Costamare from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.00.

Costamare Price Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.73 and a quick ratio of 1.70. The stock has a market capitalization of $2.03 billion, a P/E ratio of 5.91 and a beta of 1.21. The company’s 50 day simple moving average is $16.68 and its two-hundred day simple moving average is $14.84.

Costamare (NYSE:CMRE) last posted its earnings results on Wednesday, February 18th. The shipping company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14). The firm had revenue of $200.18 million during 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%. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. As a group, equities analysts expect that Costamare Inc. will post 2.52 EPS for the current fiscal year.

Costamare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th were given a $0.115 dividend. The ex-dividend date was Tuesday, January 20th. This represents a $0.46 annualized dividend and a yield of 2.7%. Costamare’s payout ratio is presently 16.14%.

Institutional Trading of Costamare

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its stake in shares of Costamare by 652.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,627 shares of the shipping company’s stock valued at $41,000 after buying an additional 2,278 shares in the last quarter. DGS Capital Management LLC lifted its position in Costamare by 28.6% during the 4th quarter. DGS Capital Management LLC now owns 24,605 shares of the shipping company’s stock worth $389,000 after buying an additional 5,475 shares in the last quarter. Mackenzie Financial Corp lifted its position in Costamare by 30.5% during the 4th quarter. Mackenzie Financial Corp now owns 79,199 shares of the shipping company’s stock worth $1,249,000 after buying an additional 18,512 shares in the last quarter. Empowered Funds LLC grew its holdings in Costamare by 1.9% during the 4th quarter. Empowered Funds LLC now owns 599,006 shares of the shipping company’s stock worth $9,458,000 after acquiring an additional 11,037 shares during the last quarter. Finally, VestGen Advisors LLC bought a new stake in Costamare during the 4th quarter worth about $5,455,000. 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.