Aperio Group LLC bought a new stake in shares of AmeriCold Realty Trust (NYSE:COLD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,972 shares of the company’s stock, valued at approximately $258,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank acquired a new stake in shares of AmeriCold Realty Trust in the second quarter valued at approximately $28,000. Quadrant Capital Group LLC bought a new position in shares of AmeriCold Realty Trust during the first quarter worth $56,000. FNY Investment Advisers LLC bought a new position in shares of AmeriCold Realty Trust during the second quarter worth $81,000. World Asset Management Inc bought a new stake in AmeriCold Realty Trust in the 2nd quarter valued at $204,000. Finally, Janney Montgomery Scott LLC bought a new stake in AmeriCold Realty Trust in the 2nd quarter valued at $221,000.
AmeriCold Realty Trust stock traded up $0.07 during mid-day trading on Friday, hitting $35.72. 193,582 shares of the company traded hands, compared to its average volume of 1,169,349. 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 stock has a fifty day moving average price of $35.33 and a 200-day moving average price of $32.52. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 2.81 and a beta of 0.67. AmeriCold Realty Trust has a one year low of $23.28 and a one year high of $37.39.
AmeriCold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.23). The business had revenue of $438.46 million during the quarter, compared to analysts’ expectations of $419.30 million. AmeriCold Realty Trust had a return on equity of 2.77% and a net margin of 1.67%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. Sell-side analysts predict that AmeriCold Realty Trust will post 1.23 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.24%. AmeriCold Realty Trust’s dividend payout ratio is currently 67.80%.
Several equities research analysts have issued reports on the stock. Citigroup assumed coverage on shares of AmeriCold Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $38.00 price target on the stock. Robert W. Baird upped their price target on shares of AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. ValuEngine downgraded shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. TheStreet raised shares of AmeriCold Realty Trust from a “d” rating to a “c” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of AmeriCold Realty Trust from $34.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. AmeriCold Realty Trust presently has an average rating of “Buy” and a consensus target price of $35.31.
In related news, Director Kelly Hefner Barrett purchased 6,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of $34.96 per share, for a total transaction of $209,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.
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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