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

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

Several other equities research analysts have also recently commented on CMRE. Jefferies Financial Group increased their price objective on Costamare from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings raised shares of Costamare from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.00.

Costamare Price Performance

Shares of NYSE CMRE opened at $17.20 on Friday. The firm has a market cap of $2.07 billion, a P/E ratio of 6.03 and a beta of 1.24. Costamare has a twelve month low of $6.63 and a twelve month high of $17.52. The company has a quick ratio of 1.70, a current ratio of 1.73 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average of $16.12 and a 200 day moving average of $13.94.

Costamare (NYSE:CMRE) last issued its 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 business had revenue of $200.18 million for the quarter, compared to analysts’ expectations of $204.00 million. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. As a group, research analysts expect that Costamare will post 2.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Costamare

Several hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Costamare by 8.1% in the second quarter. The Manufacturers Life Insurance Company now owns 15,393 shares of the shipping company’s stock worth $140,000 after buying an additional 1,148 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in Costamare by 3.0% during the fourth quarter. State of Wisconsin Investment Board now owns 46,069 shares of the shipping company’s stock valued at $727,000 after buying an additional 1,331 shares during the last quarter. Ieq Capital LLC increased its holdings in Costamare by 2.2% during the fourth quarter. Ieq Capital LLC now owns 72,722 shares of the shipping company’s stock valued at $1,148,000 after buying an additional 1,575 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in Costamare in the fourth quarter worth approximately $29,000. Finally, Pinnacle Holdings LLC bought a new position in Costamare in the fourth quarter worth approximately $30,000. Hedge funds and other 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.

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.