AmeriCold Realty Trust (NYSE:COLD) Sets New 52-Week High at $36.67

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

Several equities analysts have recently issued reports on the company. Citigroup assumed coverage on AmeriCold Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $38.00 price objective for the company. Robert W. Baird lifted their price objective on AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TheStreet upgraded AmeriCold Realty Trust from a “d” rating to a “c” rating in a research note on Friday, August 9th. Zacks Investment Research cut AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, ValuEngine cut AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $34.79.

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 firm has a market cap of $6.96 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 3.05 and a beta of 0.70. The firm has a 50-day moving average price of $34.35 and a two-hundred day moving average price of $31.77.



AmeriCold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). AmeriCold Realty Trust had a return on equity of 2.77% and a net margin of 1.67%. The business had revenue of $438.46 million for the quarter, compared to analyst estimates of $419.30 million. During the same period last year, the business posted $0.29 EPS. AmeriCold Realty Trust’s revenue was up 11.1% on a year-over-year basis. Research analysts anticipate that AmeriCold Realty Trust will post 1.16 earnings per share for the current year.

In other AmeriCold Realty Trust news, Director Kelly Hefner Barrett bought 6,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $34.96 per share, with a total value of $209,760.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of COLD. Anson Funds Management LP acquired a new position in shares of AmeriCold Realty Trust in the second quarter valued at approximately $324,000. Chartwell Investment Partners LLC acquired a new position in shares of AmeriCold Realty Trust in the second quarter valued at approximately $1,984,000. Uniplan Investment Counsel Inc. acquired a new position in shares of AmeriCold Realty Trust in the second quarter valued at approximately $12,908,000. Amundi Pioneer Asset Management Inc. increased its holdings in shares of AmeriCold Realty Trust by 87.9% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 617,582 shares of the company’s stock valued at $20,023,000 after purchasing an additional 288,888 shares during the period. Finally, United Services Automobile Association increased its holdings in shares of AmeriCold Realty Trust by 42.2% in the second quarter. United Services Automobile Association now owns 39,791 shares of the company’s stock valued at $1,290,000 after purchasing an additional 11,805 shares during the period. 96.37% of the stock is currently owned by institutional investors and hedge funds.

AmeriCold Realty Trust Company Profile (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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