Zimmer Partners LP lifted its position in AmeriCold Realty Trust (NYSE:COLD) by 149.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,245,975 shares of the company’s stock after acquiring an additional 3,745,975 shares during the period. AmeriCold Realty Trust accounts for approximately 2.2% of Zimmer Partners LP’s investment portfolio, making the stock its 11th biggest holding. Zimmer Partners LP owned about 4.22% of AmeriCold Realty Trust worth $159,522,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COLD. Bank of New York Mellon Corp grew its position in AmeriCold Realty Trust by 57.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 690,414 shares of the company’s stock worth $15,202,000 after purchasing an additional 251,160 shares during the period. First Trust Advisors LP acquired a new stake in AmeriCold Realty Trust during the 3rd quarter worth about $279,000. Wells Fargo & Company MN grew its position in AmeriCold Realty Trust by 58.5% during the 3rd quarter. Wells Fargo & Company MN now owns 128,096 shares of the company’s stock worth $3,204,000 after purchasing an additional 47,279 shares during the period. American Century Companies Inc. acquired a new stake in AmeriCold Realty Trust during the 3rd quarter worth about $8,219,000. Finally, SG Americas Securities LLC grew its position in AmeriCold Realty Trust by 338.5% during the 3rd quarter. SG Americas Securities LLC now owns 44,385 shares of the company’s stock worth $1,111,000 after purchasing an additional 34,262 shares during the period. 78.78% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Ronald W. Burkle sold 38,422,583 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $27.47, for a total value of $1,055,468,355.01. The sale was disclosed in a document filed with the SEC, which is available through this link.
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 Zacks’ consensus estimate of $0.26 by ($0.24). The company had revenue of $415.82 million during the quarter, compared to analysts’ expectations of $416.40 million. AmeriCold Realty Trust had a net margin of 2.99% and a return on equity of 7.05%. On average, sell-side analysts predict that AmeriCold Realty Trust will post 1.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a $0.20 dividend. The ex-dividend date is Thursday, March 28th. This is a positive change from AmeriCold Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. AmeriCold Realty Trust’s dividend payout ratio (DPR) is currently 63.56%.
Several research firms have recently issued reports on COLD. Berenberg Bank began coverage on shares of AmeriCold Realty Trust in a research note on Wednesday, March 13th. They set a “buy” rating and a $35.00 target price on the stock. Zacks Investment Research lowered shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Robert W. Baird increased their target price on shares of AmeriCold Realty Trust from $26.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 19th. ValuEngine raised shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Finally, SunTrust Banks increased their target price on shares of AmeriCold Realty Trust to $32.00 and gave the stock a “positive” rating in a research note on Wednesday, November 21st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $30.14.
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AmeriCold Realty Trust Profile
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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