AmeriCold Realty Trust (NYSE:COLD) Research Coverage Started at Citigroup

Citigroup started coverage on shares of AmeriCold Realty Trust (NYSE:COLD) in a research note released on Monday morning, Benzinga reports. The brokerage issued a buy rating and a $38.00 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Raymond James increased their price objective on shares of AmeriCold Realty Trust from $31.00 to $33.50 and gave the stock an outperform rating in a research report on Monday, April 22nd. Berenberg Bank started coverage on shares of AmeriCold Realty Trust in a research report on Wednesday, March 13th. They set a buy rating and a $35.00 price objective for the company. Finally, Zacks Investment Research cut shares of AmeriCold Realty Trust from a hold rating to a sell rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $31.75.

COLD stock opened at $34.40 on Monday. The company’s fifty day simple moving average is $32.32. The company has a market capitalization of $6.59 billion, a P/E ratio of 29.15, a P/E/G ratio of 3.29 and a beta of 0.70. AmeriCold Realty Trust has a 52-week low of $21.06 and a 52-week high of $34.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.24 and a quick ratio of 0.24.

AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $393.10 million during the quarter, compared to the consensus estimate of $380.18 million. AmeriCold Realty Trust had a net margin of 3.24% and a return on equity of 7.53%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 earnings per share. As a group, sell-side analysts expect that AmeriCold Realty Trust will post 1.16 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, June 27th. AmeriCold Realty Trust’s dividend payout ratio (DPR) is presently 67.80%.

Large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC acquired a new stake in AmeriCold Realty Trust in the first quarter worth $56,000. Valeo Financial Advisors LLC acquired a new stake in AmeriCold Realty Trust in the first quarter worth $90,000. QS Investors LLC acquired a new stake in AmeriCold Realty Trust in the fourth quarter worth $115,000. Nisa Investment Advisors LLC acquired a new stake in AmeriCold Realty Trust in the first quarter worth $209,000. Finally, NumerixS Investment Technologies Inc grew its holdings in AmeriCold Realty Trust by 103.6% in the fourth quarter. NumerixS Investment Technologies Inc now owns 9,775 shares of the company’s stock worth $246,000 after purchasing an additional 4,975 shares during the period. Institutional investors and hedge funds own 84.56% of the company’s stock.

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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Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

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