AmeriCold Realty Trust (NYSE:COLD) Sets New 52-Week High at $33.76

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AmeriCold Realty Trust (NYSE:COLD)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $33.76 and last traded at $33.65, with a volume of 3849 shares trading hands. The stock had previously closed at $33.50.

Several research analysts have weighed in on COLD shares. Berenberg Bank started coverage on shares of AmeriCold Realty Trust in a research note on Wednesday, March 13th. They issued a “buy” rating and a $35.00 price objective on the stock. Raymond James increased their price target on shares of AmeriCold Realty Trust from $31.00 to $33.50 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Finally, Zacks Investment Research lowered shares of AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. AmeriCold Realty Trust presently has an average rating of “Buy” and a consensus target price of $30.86.

The company has a market capitalization of $6.33 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.79. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18.

AmeriCold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $393.10 million for the quarter, compared to analyst estimates of $380.18 million. During the same quarter in the prior year, the business posted $0.31 EPS. AmeriCold Realty Trust’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts forecast that AmeriCold Realty Trust will post 1.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.80 annualized dividend and a dividend yield of 2.39%. AmeriCold Realty Trust’s dividend payout ratio (DPR) is 67.80%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of AmeriCold Realty Trust by 57.7% during the 1st quarter. BlackRock Inc. now owns 12,328,819 shares of the company’s stock worth $376,154,000 after buying an additional 4,511,139 shares during the period. Zimmer Partners LP boosted its holdings in shares of AmeriCold Realty Trust by 149.8% during the 4th quarter. Zimmer Partners LP now owns 6,245,975 shares of the company’s stock worth $159,522,000 after buying an additional 3,745,975 shares during the period. FMR LLC boosted its holdings in shares of AmeriCold Realty Trust by 51.9% during the 1st quarter. FMR LLC now owns 5,804,793 shares of the company’s stock worth $177,103,000 after buying an additional 1,983,188 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of AmeriCold Realty Trust by 288.2% during the 1st quarter. JPMorgan Chase & Co. now owns 2,107,097 shares of the company’s stock worth $64,288,000 after buying an additional 1,564,251 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of AmeriCold Realty Trust during the 1st quarter worth $36,515,000. Institutional investors own 84.56% of the company’s stock.

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AmeriCold Realty Trust Company Profile (NYSE:COLD)

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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