AmeriCold Realty Trust (NYSE:COLD) has been assigned an average rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $30.17.
Several equities analysts have recently weighed in on the company. Berenberg Bank assumed coverage on AmeriCold Realty Trust in a research report on Wednesday, March 13th. They issued a “buy” rating and a $35.00 price target for the company. Zacks Investment Research lowered AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Finally, ValuEngine raised AmeriCold Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th.
In other news, Director Ronald W. Burkle sold 38,422,583 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $27.47, for a total value of $1,055,468,355.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new position in AmeriCold Realty Trust during the 4th quarter valued at about $74,000. Valeo Financial Advisors LLC purchased a new position in AmeriCold Realty Trust during the 1st quarter valued at about $90,000. Enlightenment Research LLC purchased a new position in AmeriCold Realty Trust during the 4th quarter valued at about $79,000. QS Investors LLC purchased a new position in AmeriCold Realty Trust during the 4th quarter valued at about $115,000. Finally, Nisa Investment Advisors LLC purchased a new position in AmeriCold Realty Trust during the 1st quarter valued at about $209,000. 79.71% of the stock is owned by institutional investors.
Shares of COLD stock traded up $0.51 on Tuesday, hitting $30.93. The company had a trading volume of 7,359,186 shares, compared to its average volume of 2,638,945. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.60 and a beta of 0.80. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.06. AmeriCold Realty Trust has a twelve month low of $19.50 and a twelve month high of $31.46.
AmeriCold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.24). AmeriCold Realty Trust had a net margin of 2.99% and a return on equity of 7.05%. The company had revenue of $415.82 million during the quarter, compared to analyst estimates of $416.40 million. Sell-side analysts forecast that AmeriCold Realty Trust will post 1.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from AmeriCold Realty Trust’s previous quarterly dividend of $0.19. AmeriCold Realty Trust’s payout ratio is 203.39%.
About AmeriCold Realty Trust
Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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