Rhumbline Advisers increased its stake in shares of AmeriCold Realty Trust (NYSE:COLD) by 46.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,352 shares of the company’s stock after acquiring an additional 56,985 shares during the period. Rhumbline Advisers’ holdings in AmeriCold Realty Trust were worth $5,503,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Quadrant Capital Group LLC bought a new position in shares of AmeriCold Realty Trust in the 1st quarter valued at about $56,000. Quantamental Technologies LLC bought a new position in shares of AmeriCold Realty Trust in the 4th quarter valued at about $74,000. Valeo Financial Advisors LLC bought a new position in shares of AmeriCold Realty Trust in the 1st quarter valued at about $90,000. Enlightenment Research LLC bought a new position in shares of AmeriCold Realty Trust in the 4th quarter valued at about $79,000. Finally, QS Investors LLC bought a new position in shares of AmeriCold Realty Trust in the 4th quarter valued at about $115,000. Institutional investors and hedge funds own 84.56% of the company’s stock.
A number of research analysts have recently commented on COLD shares. Zacks Investment Research downgraded shares of AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Berenberg Bank began coverage on shares of AmeriCold Realty Trust in a report on Wednesday, March 13th. They set a “buy” rating and a $35.00 target price for the company. Finally, Raymond James lifted their target price on shares of AmeriCold Realty Trust from $31.00 to $33.50 and gave the stock an “outperform” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. AmeriCold Realty Trust presently has an average rating of “Buy” and a consensus price target of $30.86.
Shares of COLD stock opened at $31.84 on Monday. The stock has a market cap of $6.10 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.99 and a beta of 0.77. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.18. AmeriCold Realty Trust has a 52 week low of $20.45 and a 52 week high of $32.56.
AmeriCold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. AmeriCold Realty Trust had a net margin of 3.24% and a return on equity of 7.53%. The business had revenue of $393.10 million during the quarter, compared to analysts’ expectations of $380.18 million. During the same quarter in the previous year, the company earned $0.31 EPS. The business’s revenue was up .5% on a year-over-year basis. On average, research analysts forecast that AmeriCold Realty Trust will post 1.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, June 27th. AmeriCold Realty Trust’s payout ratio is presently 67.80%.
AmeriCold Realty Trust Company 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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