A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of AmeriCold Realty Trust from a hold rating to a sell rating in a report on Thursday, April 25th. Raymond James boosted 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 note on Monday, April 22nd. Finally, Citigroup initiated coverage on shares of AmeriCold Realty Trust in a research report on Monday, July 1st. They set a buy rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $31.75.
Shares of COLD stock traded down $0.55 during trading hours on Thursday, reaching $33.15. 90,672 shares of the stock were exchanged, compared to its average volume of 1,690,996. AmeriCold Realty Trust has a 12-month low of $21.25 and a 12-month high of $34.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.24 and a quick ratio of 0.24. The stock’s 50-day moving average is $33.62. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 3.11 and a beta of 0.70.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, June 27th. AmeriCold Realty Trust’s dividend payout ratio (DPR) is currently 67.80%.
Several hedge funds have recently added to or reduced their stakes in COLD. Huntington National Bank acquired a new position in AmeriCold Realty Trust during the second quarter worth $28,000. Quadrant Capital Group LLC acquired a new stake in shares of AmeriCold Realty Trust in the first quarter valued at about $56,000. FNY Investment Advisers LLC acquired a new stake in shares of AmeriCold Realty Trust in the second quarter valued at about $81,000. Valeo Financial Advisors LLC acquired a new stake in shares of AmeriCold Realty Trust in the first quarter valued at about $90,000. Finally, World Asset Management Inc acquired a new stake in shares of AmeriCold Realty Trust in the second quarter valued at about $204,000. 85.32% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Article: Blockchain
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for AmeriCold Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmeriCold Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.