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

Key Points

• Costamare was downgraded by Wall Street Zen from "buy" to hold, and Weiss Ratings also cut the stock to hold, leaving a MarketBeat consensus rating of Hold with a $12.00 consensus price target.
• The company missed the most recent quarter—EPS $0.60 vs. $0.74 expected and revenue $200.18M vs. $204M expected—with quarterly revenue down 6.9% year‑over‑year.
• Shares opened at $16.49 (market cap ~$1.98B) and trade well above the $12 consensus target, with a low P/E of 5.78 and about 58% of shares held by institutions.

Costamare (NYSE:CMRE - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings cut shares of Costamare from a "buy (b-)" rating to a "hold (c)" rating in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Costamare presently has a consensus rating of "Hold" and a consensus price target of $12.00.

Costamare Stock Up 1.3%

CMRE stock opened at $16.49 on Friday. 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 has a twelve month low of $6.63 and a twelve month high of $18.06. The company's 50 day moving average is $17.00 and its two-hundred day moving average is $15.52. The stock has a market cap of $1.98 billion, a P/E ratio of 5.78 and a beta of 1.22.

Costamare (NYSE:CMRE - Get Free Report) last released its quarterly earnings data on Sunday, February 15th. The shipping company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.14). Costamare had a return on equity of 15.52% and a net margin of 33.19%.The company had revenue of $200.18 million for the quarter, compared to analyst estimates of $204.00 million. Costamare's quarterly revenue was down 6.9% compared to the same quarter last year.

Hedge Funds Weigh In On Costamare

Several institutional investors have recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Costamare during the 3rd quarter worth $1,917,000. CWA Asset Management Group LLC purchased a new stake in shares of Costamare during the 3rd quarter worth $1,796,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Costamare by 17.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 649,363 shares of the shipping company's stock worth $10,253,000 after purchasing an additional 94,618 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Costamare during the 3rd quarter worth $398,000. Finally, State of Wyoming boosted its position in shares of Costamare by 95.1% during the 3rd quarter. State of Wyoming now owns 71,640 shares of the shipping company's stock worth $853,000 after purchasing an additional 34,913 shares in the last quarter. 58.08% of the stock is owned by institutional investors and hedge funds.

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.

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