AmeriCold Realty Trust (NYSE:COLD) has received an average recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $31.00.

COLD has been the subject of a number of research analyst reports. Zacks Investment Research lowered AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Berenberg Bank initiated coverage on AmeriCold Realty Trust in a research report on Wednesday, March 13th. They issued a “buy” rating and a $35.00 target price for the company. Finally, Raymond James boosted their target price on AmeriCold Realty Trust from $31.00 to $33.50 and gave the company an “outperform” rating in a research report on Monday, April 22nd.

Shares of NYSE:COLD traded up $0.43 during midday trading on Wednesday, reaching $32.66. The company’s stock had a trading volume of 2,522,389 shares, compared to its average volume of 2,318,460. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 2.98 and a beta of 0.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.24 and a quick ratio of 0.24. AmeriCold Realty Trust has a fifty-two week low of $21.06 and a fifty-two week high of $32.86.

AmeriCold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $393.10 million for the quarter, compared to the consensus estimate of $380.18 million. AmeriCold Realty Trust had a return on equity of 7.53% and a net margin of 3.24%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. Analysts anticipate that AmeriCold Realty Trust will post 1.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, June 27th. AmeriCold Realty Trust’s payout ratio is 67.80%.

A number of institutional investors and hedge funds have recently modified their holdings of COLD. Quadrant Capital Group LLC bought a new stake in AmeriCold Realty Trust during the 1st quarter worth approximately $56,000. Quantamental Technologies LLC bought a new stake in AmeriCold Realty Trust during the 4th quarter worth approximately $74,000. Enlightenment Research LLC bought a new stake in AmeriCold Realty Trust during the 4th quarter worth approximately $79,000. Valeo Financial Advisors LLC bought a new stake in AmeriCold Realty Trust during the 1st quarter worth approximately $90,000. Finally, PNC Financial Services Group Inc. increased its holdings in AmeriCold Realty Trust by 63.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,159 shares of the company’s stock worth $96,000 after purchasing an additional 1,229 shares in the last quarter. 84.56% 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 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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Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

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