Robeco Institutional Asset Management B.V. Sells 46,954 Shares of Costamare Inc. $CMRE

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Costamare Inc. (NYSE:CMRE) by 7.8% in the third quarter, Holdings Channel reports. The institutional investor owned 554,745 shares of the shipping company’s stock after selling 46,954 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Costamare were worth $6,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CMRE. Kingstone Capital Partners Texas LLC purchased a new position in shares of Costamare during the 2nd quarter worth $26,767,000. American Century Companies Inc. increased its stake in shares of 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 purchasing an additional 125,533 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Costamare by 81.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,030,194 shares of the shipping company’s stock worth $9,385,000 after purchasing an additional 462,582 shares during the period. Denali Advisors LLC lifted its position in Costamare by 30.2% during the second quarter. Denali Advisors LLC now owns 722,656 shares of the shipping company’s stock valued at $6,583,000 after purchasing an additional 167,583 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Costamare by 527.7% during the second quarter. Marshall Wace LLP now owns 703,932 shares of the shipping company’s stock valued at $6,413,000 after purchasing an additional 591,785 shares during the period. 58.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Costamare in a research note on Monday, December 29th. Jefferies Financial Group raised their target price on shares of Costamare from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Zacks Research downgraded shares of Costamare from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Finally, Wall Street Zen raised shares of Costamare from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.00.

Costamare Stock Down 0.3%

Shares of CMRE opened at $16.22 on Friday. The business’s 50 day moving average is $15.21 and its 200 day moving average is $12.46. The company has a market capitalization of $1.95 billion, a PE ratio of 6.49 and a beta of 1.24. Costamare Inc. has a 12-month low of $6.63 and a 12-month high of $16.40. The company has a current ratio of 1.68, a quick ratio of 1.65 and a debt-to-equity ratio of 0.62.

Costamare (NYSE:CMRE) last posted its quarterly earnings results on Tuesday, November 4th. The shipping company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.11. Costamare had a return on equity of 15.15% and a net margin of 22.23%.The business had revenue of $225.17 million during the quarter, compared to the consensus estimate of $197.92 million. Research analysts expect that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, January 20th. Costamare’s payout ratio is currently 18.40%.

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.