Geode Capital Management LLC increased its stake in shares of AmeriCold Realty Trust (NYSE:COLD) by 18.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 956,820 shares of the company’s stock after purchasing an additional 146,263 shares during the quarter. Geode Capital Management LLC owned 0.65% of AmeriCold Realty Trust worth $24,437,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zimmer Partners LP boosted its holdings in AmeriCold Realty Trust by 149.8% during the 4th quarter. Zimmer Partners LP now owns 6,245,975 shares of the company’s stock valued at $159,522,000 after acquiring an additional 3,745,975 shares during the period. CI Investments Inc. lifted its holdings in shares of AmeriCold Realty Trust by 75.7% in the 4th quarter. CI Investments Inc. now owns 2,148,478 shares of the company’s stock worth $54,872,000 after buying an additional 925,918 shares during the period. Norges Bank purchased a new stake in shares of AmeriCold Realty Trust in the 4th quarter worth $21,786,000. JPMorgan Chase & Co. lifted its holdings in shares of AmeriCold Realty Trust by 194.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 617,550 shares of the company’s stock worth $15,451,000 after buying an additional 407,527 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of AmeriCold Realty Trust by 4.5% in the 4th quarter. BlackRock Inc. now owns 7,817,680 shares of the company’s stock worth $199,663,000 after buying an additional 339,453 shares during the period. 84.56% of the stock is currently owned by hedge funds and other institutional investors.
COLD has been the subject of several recent research reports. Citigroup initiated coverage on AmeriCold Realty Trust in a research report on Monday. They issued a “buy” rating and a $38.00 price target for the company. Berenberg Bank assumed coverage on AmeriCold Realty Trust in a research report on Wednesday, March 13th. They set a “buy” rating and a $35.00 target price on the stock. Raymond James upped their target price on AmeriCold Realty Trust from $31.00 to $33.50 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, Zacks Investment Research lowered 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 given a buy rating to the company. AmeriCold Realty Trust presently has an average rating of “Buy” and a consensus price target of $31.75.
AmeriCold Realty Trust (NYSE:COLD) last released its earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $393.10 million for the quarter, compared to the consensus estimate of $380.18 million. AmeriCold Realty Trust had a return on equity of 7.53% and a net margin of 3.24%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. Analysts anticipate that AmeriCold Realty Trust will post 1.16 earnings per share 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. The ex-dividend date is Thursday, June 27th. This represents a $0.80 annualized dividend and a dividend yield of 2.42%. AmeriCold Realty Trust’s dividend payout ratio (DPR) 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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