Daiwa Securities Group Inc. increased its position in shares of AmeriCold Realty Trust (NYSE:COLD) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,300 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Daiwa Securities Group Inc.’s holdings in AmeriCold Realty Trust were worth $1,234,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in COLD. Huntington National Bank acquired a new position in AmeriCold Realty Trust in the second quarter valued at approximately $28,000. Rehmann Capital Advisory Group lifted its holdings in AmeriCold Realty Trust by 316.5% in the second quarter. Rehmann Capital Advisory Group now owns 958 shares of the company’s stock valued at $31,000 after acquiring an additional 728 shares during the period. QCI Asset Management Inc. NY acquired a new position in AmeriCold Realty Trust in the second quarter valued at approximately $54,000. Price Capital Management Inc. acquired a new position in AmeriCold Realty Trust in the third quarter valued at approximately $63,000. Finally, Optimum Investment Advisors acquired a new position in AmeriCold Realty Trust in the third quarter valued at approximately $74,000.
A number of brokerages have issued reports on COLD. Robert W. Baird boosted their price target on AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Zacks Investment Research downgraded AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 1st. TheStreet raised AmeriCold Realty Trust from a “d” rating to a “c” rating in a report on Friday, August 9th. Bank of America reissued a “buy” rating and issued a $37.00 price target on shares of AmeriCold Realty Trust in a report on Thursday, August 15th. Finally, ValuEngine downgraded AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $37.19.
AmeriCold Realty Trust stock opened at $35.15 on Tuesday. The stock has a market capitalization of $6.78 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. AmeriCold Realty Trust has a 12 month low of $24.27 and a 12 month high of $40.42. The business has a 50 day simple moving average of $37.76 and a 200-day simple moving average of $34.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.
AmeriCold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.17). The business had revenue of $466.18 million during the quarter, compared to analysts’ expectations of $452.64 million. AmeriCold Realty Trust had a net margin of 1.75% and a return on equity of 2.78%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities research analysts anticipate that AmeriCold Realty Trust will post 1.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Friday, September 27th. AmeriCold Realty Trust’s dividend payout ratio (DPR) is presently 67.80%.
AmeriCold Realty Trust 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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