AmeriCold Realty Trust (COLD) Reaches New 1-Year High at $27.21

Shares of AmeriCold Realty Trust (NYSE:COLD) reached a new 52-week high on Friday . The stock traded as high as $27.21 and last traded at $26.92, with a volume of 714616 shares changing hands. The stock had previously closed at $26.71.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Thursday, November 15th. Raymond James lifted their price target on shares of AmeriCold Realty Trust from $27.00 to $28.50 and gave the company an “outperform” rating in a report on Tuesday, November 13th. SunTrust Banks lifted their price target on shares of AmeriCold Realty Trust to $32.00 and gave the company a “positive” rating in a report on Wednesday. Royal Bank of Canada lifted their price target on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 10th. Finally, Bank of America lifted their price target on shares of AmeriCold Realty Trust from $23.50 to $28.50 and gave the company a “buy” rating in a report on Friday, September 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. AmeriCold Realty Trust presently has an average rating of “Buy” and an average price target of $26.19.

The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.06.

AmeriCold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 8th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.10). AmeriCold Realty Trust had a net margin of 3.35% and a return on equity of 11.66%. The business had revenue of $402.01 million for the quarter, compared to the consensus estimate of $404.35 million. The business’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that AmeriCold Realty Trust will post 1.09 earnings per share for the current year.

In other news, Director Ronald W. Burkle sold 16,530,191 shares of AmeriCold Realty Trust stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $23.54, for a total value of $389,120,696.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of AmeriCold Realty Trust stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $23.54, for a total value of $170,324,352.66. The disclosure for this sale can be found here.

Institutional investors and hedge funds have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D raised its position in shares of AmeriCold Realty Trust by 9.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 120,000 shares of the company’s stock worth $3,002,000 after purchasing an additional 10,000 shares during the last quarter. Macquarie Group Ltd. purchased a new position in AmeriCold Realty Trust in the 2nd quarter worth about $352,000. Millennium Management LLC raised its position in AmeriCold Realty Trust by 16.1% in the 2nd quarter. Millennium Management LLC now owns 634,388 shares of the company’s stock worth $13,969,000 after buying an additional 87,939 shares during the last quarter. Manning & Napier Group LLC raised its position in AmeriCold Realty Trust by 15.2% in the 3rd quarter. Manning & Napier Group LLC now owns 63,940 shares of the company’s stock worth $1,599,000 after buying an additional 8,459 shares during the last quarter. Finally, Soros Fund Management LLC purchased a new position in AmeriCold Realty Trust in the 2nd quarter worth about $12,143,000. 71.08% of the stock is owned by hedge funds and other institutional investors.

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About AmeriCold Realty Trust (NYSE:COLD)

Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 156 temperature-controlled warehouses, with approximately 924 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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