AmeriCold Realty Trust (NYSE:COLD) Hits New 12-Month High at $36.67

AmeriCold Realty Trust (NYSE:COLD)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.67 and last traded at $36.65, with a volume of 18823 shares trading hands. The stock had previously closed at $36.27.

A number of brokerages have recently issued reports on COLD. Zacks Investment Research lowered AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Bank of America reiterated a “buy” rating and set a $37.00 target price on shares of AmeriCold Realty Trust in a research report on Thursday, August 15th. Robert W. Baird increased their target price on AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. ValuEngine lowered AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, TheStreet upgraded AmeriCold Realty Trust from a “d” rating to a “c” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $34.79.

The company has a 50 day moving average of $34.35 and a 200 day moving average of $31.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 31.08, a P/E/G ratio of 3.05 and a beta of 0.70.

AmeriCold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.23). AmeriCold Realty Trust had a net margin of 1.67% and a return on equity of 2.77%. The firm had revenue of $438.46 million during the quarter, compared to analyst estimates of $419.30 million. During the same period in the prior year, the company posted $0.29 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts predict that AmeriCold Realty Trust will post 1.16 EPS for the current fiscal year.

In other news, Director Kelly Hefner Barrett acquired 6,000 shares of AmeriCold Realty Trust stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $34.96 per share, with a total value of $209,760.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. increased its stake in shares of AmeriCold Realty Trust by 4.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,362 shares of the company’s stock worth $336,000 after acquiring an additional 429 shares during the last quarter. Pendal Group Ltd increased its stake in shares of AmeriCold Realty Trust by 0.5% in the 2nd quarter. Pendal Group Ltd now owns 116,900 shares of the company’s stock worth $3,790,000 after acquiring an additional 600 shares during the last quarter. Huntington National Bank acquired a new stake in shares of AmeriCold Realty Trust in the 2nd quarter worth $28,000. QCI Asset Management Inc. NY acquired a new stake in shares of AmeriCold Realty Trust in the 2nd quarter worth $54,000. Finally, United Capital Financial Advisers LLC increased its stake in shares of AmeriCold Realty Trust by 10.8% in the 2nd quarter. United Capital Financial Advisers LLC now owns 18,543 shares of the company’s stock worth $601,000 after acquiring an additional 1,807 shares during the last quarter. 96.37% of the stock is owned by institutional investors and hedge funds.

About AmeriCold Realty Trust (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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