Zacks Investment Research upgraded shares of AmeriCold Realty Trust (NYSE:COLD) from a sell rating to a hold rating in a report published on Tuesday, Zacks.com reports.
According to Zacks, “Americold Realty Trust is a real estate investment trust. It owns and operates temperature-controlled warehouses. The company operates primarily in the United States, Australia, New Zealand, Argentina and Canada. Americold Realty Trust is based in Atlanta, Georgia. “
Several other analysts also recently commented on the company. JPMorgan Chase & Co. raised AmeriCold Realty Trust from a neutral rating to an overweight rating and set a $38.00 price objective on the stock in a research note on Wednesday, December 18th. Berenberg Bank downgraded AmeriCold Realty Trust from a buy rating to a hold rating in a research note on Monday, December 9th. Finally, Raymond James dropped their price objective on AmeriCold Realty Trust from $40.00 to $38.00 and set an outperform rating on the stock in a research note on Friday, December 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. AmeriCold Realty Trust currently has a consensus rating of Buy and an average price target of $38.43.
Shares of COLD stock traded up $0.76 during trading hours on Tuesday, reaching $38.06. The company had a trading volume of 1,707,877 shares, compared to its average volume of 1,379,490. The company has a 50 day moving average of $34.99 and a 200 day moving average of $36.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 237.89, a P/E/G ratio of 7.42 and a beta of 0.52. AmeriCold Realty Trust has a 1-year low of $27.96 and a 1-year high of $40.42.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.10%. The ex-dividend date was Monday, December 30th. AmeriCold Realty Trust’s payout ratio is presently 67.80%.
In related news, EVP James Andrew Harron sold 1,400 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $33.61, for a total transaction of $47,054.00. Following the sale, the executive vice president now owns 2,135 shares of the company’s stock, valued at approximately $71,757.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.42% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in COLD. First Trust Advisors LP raised its stake in shares of AmeriCold Realty Trust by 672.3% in the 1st quarter. First Trust Advisors LP now owns 152,274 shares of the company’s stock valued at $4,646,000 after purchasing an additional 132,558 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in shares of AmeriCold Realty Trust by 221.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 328,694 shares of the company’s stock valued at $10,028,000 after purchasing an additional 226,443 shares during the period. Morgan Stanley raised its stake in shares of AmeriCold Realty Trust by 231.7% in the 2nd quarter. Morgan Stanley now owns 283,570 shares of the company’s stock valued at $9,194,000 after purchasing an additional 198,068 shares during the period. BlackRock Inc. raised its stake in shares of AmeriCold Realty Trust by 1.8% in the 2nd quarter. BlackRock Inc. now owns 12,546,650 shares of the company’s stock valued at $406,763,000 after purchasing an additional 217,831 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of AmeriCold Realty Trust by 66.9% in the 3rd quarter. Pacer Advisors Inc. now owns 29,480 shares of the company’s stock valued at $1,093,000 after purchasing an additional 11,814 shares during the period.
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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