Rhumbline Advisers lifted its position in AmeriCold Realty Trust (NYSE:COLD) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,994 shares of the company’s stock after buying an additional 4,130 shares during the quarter. Rhumbline Advisers’ holdings in AmeriCold Realty Trust were worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in AmeriCold Realty Trust during the 1st quarter valued at $64,127,000. Zimmer Partners LP acquired a new position in AmeriCold Realty Trust during the 1st quarter valued at $49,608,000. Bamco Inc. NY acquired a new position in AmeriCold Realty Trust during the 1st quarter valued at $29,163,000. Prudential Financial Inc. acquired a new position in AmeriCold Realty Trust during the 1st quarter valued at $21,504,000. Finally, Citadel Advisors LLC acquired a new position in AmeriCold Realty Trust during the 1st quarter valued at $15,092,000. Institutional investors and hedge funds own 60.25% of the company’s stock.
Several research firms recently commented on COLD. Zacks Investment Research upgraded shares of AmeriCold Realty Trust from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Tuesday, August 14th. Royal Bank of Canada upped their target price on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $22.00.
AmeriCold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 9th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.19. The company had revenue of $394.70 million for the quarter, compared to analyst estimates of $392.08 million. The company’s quarterly revenue was up 4.0% on a year-over-year basis. analysts forecast that AmeriCold Realty Trust will post 1.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, September 27th.
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 158 temperature-controlled warehouses, with approximately 934 million cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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