AmeriCold Realty Trust (COLD) Given Average Recommendation of “Buy” by Brokerages

AmeriCold Realty Trust (NYSE:COLD) has been given a consensus recommendation of “Buy” by the nine brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $26.36.

COLD has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Thursday, November 15th. ValuEngine raised AmeriCold Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. Raymond James raised their target price on AmeriCold Realty Trust from $27.00 to $28.50 and gave the stock an “outperform” rating in a research report on Tuesday, November 13th. Robert W. Baird raised their target price on AmeriCold Realty Trust from $26.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 19th. Finally, SunTrust Banks raised their target price on AmeriCold Realty Trust to $32.00 and gave the stock a “positive” rating in a research report on Wednesday, November 21st.

Shares of NYSE COLD traded up $0.55 during mid-day trading on Thursday, reaching $29.23. The company had a trading volume of 829,478 shares, compared to its average volume of 955,844. AmeriCold Realty Trust has a 12-month low of $16.13 and a 12-month high of $29.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.30.

AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). AmeriCold Realty Trust had a return on equity of 11.66% and a net margin of 3.35%. The firm had revenue of $402.01 million during the quarter, compared to analyst estimates of $404.35 million. The business’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts predict that AmeriCold Realty Trust will post 1.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a $0.1875 dividend. The ex-dividend date was Friday, December 28th. This represents a $0.75 annualized dividend and a yield of 2.57%.

A number of hedge funds have recently modified their holdings of COLD. Cohen & Steers Inc. lifted its holdings in shares of AmeriCold Realty Trust by 134.9% during the third quarter. Cohen & Steers Inc. now owns 7,923,128 shares of the company’s stock valued at $198,237,000 after acquiring an additional 4,550,767 shares during the period. Vanguard Group Inc lifted its holdings in shares of AmeriCold Realty Trust by 82.0% during the third quarter. Vanguard Group Inc now owns 7,958,159 shares of the company’s stock valued at $199,114,000 after acquiring an additional 3,584,826 shares during the period. Vanguard Group Inc. lifted its holdings in shares of AmeriCold Realty Trust by 82.0% during the third quarter. Vanguard Group Inc. now owns 7,958,159 shares of the company’s stock valued at $199,114,000 after acquiring an additional 3,584,826 shares during the period. BlackRock Inc. lifted its holdings in shares of AmeriCold Realty Trust by 64.0% during the third quarter. BlackRock Inc. now owns 7,478,227 shares of the company’s stock valued at $187,104,000 after acquiring an additional 2,917,222 shares during the period. Finally, Zimmer Partners LP bought a new position in shares of AmeriCold Realty Trust during the third quarter valued at $62,550,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

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 156 temperature-controlled warehouses, with approximately 924 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

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