Costamare (NYSE:CMRE) Upgraded by Fearnley Fonds to Strong-Buy Rating

Fearnley Fonds upgraded shares of Costamare (NYSE:CMRE) from a hold rating to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Weiss Ratings cut Costamare from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, March 5th. Wall Street Zen downgraded Costamare from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Costamare presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Costamare Trading Up 2.9%

Shares of NYSE:CMRE opened at $16.61 on Thursday. Costamare has a 52 week low of $6.63 and a 52 week high of $18.06. The company’s 50 day moving average is $16.96 and its two-hundred day moving average is $15.67. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.00 billion, a PE ratio of 6.20 and a beta of 1.22.

Costamare (NYSE:CMRE) last released its quarterly earnings data on Wednesday, April 29th. The shipping company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. The business had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $191.50 million. Costamare had a net margin of 39.93% and a return on equity of 16.68%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS.

Costamare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 20th will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, April 20th. Costamare’s dividend payout ratio (DPR) is 16.14%.

Institutional Investors Weigh In On Costamare

A number of institutional investors and hedge funds have recently bought and sold shares of CMRE. ST Germain D J Co. Inc. acquired a new position in Costamare in the fourth quarter valued at $29,000. Pinnacle Holdings LLC purchased a new stake in shares of Costamare in the 4th quarter valued at about $30,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Costamare by 652.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,627 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 2,278 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Costamare in the 3rd quarter valued at about $66,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Costamare in the 3rd quarter valued at about $79,000. 58.08% of the stock is owned by hedge funds and other institutional investors.

Costamare News Summary

Here are the key news stories impacting Costamare this week:

• Positive Sentiment: Company announced a dividend increase and a major fleet renewal program: Costamare said it boosted its dividend and ordered 16 newbuild vessels tied to long?term COSCO charters, supporting future contracted revenue visibility and fleet modernization. This is a material growth and cash?return signal for income investors. TipRanks Article
• Positive Sentiment: Management and press releases highlighted record adjusted net income and fleet renewal progress, which underpins stronger cash flow and justified the dividend hike — a bullish catalyst for yield?focused shareholders. MarketIsOpen Article
• Neutral Sentiment: Reported revenue growth (~+5.6% y/y to ~$199.3M) and strong margins (net margin ~33.2%, ROE ~15.5%) were published in the company’s Q1 release and slide deck — positive fundamentals but already partly priced in. Investors should review the slide deck and call for detail on charter coverage and timing. Press Release / Slide Deck
• Neutral Sentiment: Company published earnings materials and a prepared?remarks transcript and investors can listen to the conference call for color on earnings quality, charter backlog and capex/timing for the newbuilds. These disclosures reduce uncertainty but could also reveal downside risks. Seeking Alpha Transcript
• Negative Sentiment: Some coverage emphasized weaker profitability trends on a GAAP basis and suggested “contracted revenues” dynamics are changing the investment story — this commentary prompted caution that future earnings could be more volatile than recent adjusted results imply. Yahoo Finance Article
• Negative Sentiment: There are mixed headlines around EPS figures (some outlets report an adjusted beat, others a GAAP miss), which can create short?term volatility as traders sort out which metric matters for valuation; reconcile adjusted vs GAAP EPS in the press release and notes. GlobeNewswire Release

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.