AmeriCold Realty Trust (NYSE:COLD) has been given a consensus rating of “Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $30.17.
Several equities analysts recently issued reports on the company. ValuEngine raised AmeriCold Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. Zacks Investment Research cut AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. Finally, 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 objective on the stock.
COLD stock traded up $0.51 during midday trading on Tuesday, hitting $30.93. The company’s stock had a trading volume of 7,359,186 shares, compared to its average volume of 2,638,945. The stock has a market capitalization of $4.61 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 2.60 and a beta of 0.80. AmeriCold Realty Trust has a 12 month low of $19.50 and a 12 month high of $31.46. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.06.
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.59%. This is a boost from AmeriCold Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 28th. AmeriCold Realty Trust’s dividend payout ratio is presently 203.39%.
In other news, Director Ronald W. Burkle sold 38,422,583 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $27.47, for a total transaction of $1,055,468,355.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cohen & Steers Inc. increased its stake in shares of AmeriCold Realty Trust by 3.2% in the 4th quarter. Cohen & Steers Inc. now owns 8,176,559 shares of the company’s stock worth $208,829,000 after purchasing an additional 253,431 shares in the last quarter. Vanguard Group Inc. increased its position in shares of AmeriCold Realty Trust by 82.0% during the third quarter. Vanguard Group Inc. now owns 7,958,159 shares of the company’s stock worth $199,114,000 after acquiring an additional 3,584,826 shares during the period. Vanguard Group Inc increased its position in shares of AmeriCold Realty Trust by 82.0% during the third quarter. Vanguard Group Inc now owns 7,958,159 shares of the company’s stock worth $199,114,000 after acquiring an additional 3,584,826 shares during the period. BlackRock Inc. increased its position in shares of AmeriCold Realty Trust by 4.5% during the fourth quarter. BlackRock Inc. now owns 7,817,680 shares of the company’s stock worth $199,663,000 after acquiring an additional 339,453 shares during the period. Finally, Zimmer Partners LP increased its position in shares of AmeriCold Realty Trust by 149.8% during the fourth quarter. Zimmer Partners LP now owns 6,245,975 shares of the company’s stock worth $159,522,000 after acquiring an additional 3,745,975 shares during the period. 79.71% of the stock is currently owned by hedge funds and other institutional investors.
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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