Americold Realty Trust (NYSE:COLD) hit a new 52-week high and low during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as low as $22.06 and last traded at $21.70, with a volume of 20173 shares trading hands. The stock had previously closed at $21.65.
The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. The business had revenue of $391.10 million for the quarter, compared to the consensus estimate of $317.39 million. The firm’s quarterly revenue was up 4.9% on a year-over-year basis.
The firm also recently declared a special dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were paid a dividend of $0.1396 per share. The ex-dividend date was Wednesday, March 28th.
Several equities analysts have recently weighed in on COLD shares. Zacks Investment Research raised shares of Americold Realty Trust from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Tuesday, April 17th. Robert W. Baird assumed coverage on shares of Americold Realty Trust in a research note on Tuesday, February 13th. They set an “outperform” rating and a $20.00 price target for the company. ValuEngine downgraded Americold Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Goldman Sachs assumed coverage on Americold Realty Trust in a report on Monday, March 12th. They issued a “neutral” rating and a $19.50 price objective for the company. Finally, JPMorgan Chase assumed coverage on Americold Realty Trust in a report on Tuesday, February 13th. They issued a “neutral” rating and a $19.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Americold Realty Trust in the 1st quarter valued at approximately $146,000. SG Americas Securities LLC acquired a new stake in Americold Realty Trust during the 1st quarter valued at $153,000. Envestnet Asset Management Inc. acquired a new stake in Americold Realty Trust during the 1st quarter valued at $153,000. Neuberger Berman Group LLC acquired a new stake in Americold Realty Trust during the 1st quarter valued at $193,000. Finally, American Century Companies Inc. acquired a new stake in Americold Realty Trust during the 1st quarter valued at $320,000. 0.59% of the stock is owned by institutional investors.
The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of -0.31.
About Americold Realty Trust
Americold Realty Trust is the world's largest owner and operator of temperature-controlled warehouses. We are organized as a self-administered and self-managed REIT with proven operating, development and acquisition expertise. As of September 30, 2017, we operated a global network of 160 high-quality warehouses encompassing 945.3 million cubic feet, with 142 warehouses in the United States, six warehouses in Australia, seven warehouses in New Zealand, two warehouses in Argentina and three warehouses in Canada.
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