Toronto Dominion Bank Takes Position in AmeriCold Realty Trust (NYSE:COLD)

Toronto Dominion Bank bought a new stake in AmeriCold Realty Trust (NYSE:COLD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 26,907 shares of the company’s stock, valued at approximately $592,000.

Several other institutional investors have also recently bought and sold shares of COLD. Huntington National Bank acquired a new position in shares of AmeriCold Realty Trust in the second quarter valued at approximately $28,000. FNY Investment Advisers LLC acquired a new position in shares of AmeriCold Realty Trust in the second quarter valued at approximately $81,000. First Mercantile Trust Co. acquired a new position in shares of AmeriCold Realty Trust in the second quarter valued at approximately $101,000. Pearl River Capital LLC acquired a new position in shares of AmeriCold Realty Trust in the second quarter valued at approximately $123,000. Finally, World Asset Management Inc acquired a new position in shares of AmeriCold Realty Trust in the second quarter valued at approximately $204,000.

Shares of COLD stock traded up $0.61 during trading on Thursday, hitting $36.44. The company had a trading volume of 985,023 shares, compared to its average volume of 1,270,438. 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 firm has a market capitalization of $6.87 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.67. The stock’s 50-day moving average price is $35.60 and its 200 day moving average price is $32.73. 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 issued its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.23). The company had revenue of $438.46 million during the quarter, compared to the consensus estimate of $419.30 million. AmeriCold Realty Trust had a net margin of 1.67% and a return on equity of 2.77%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. On average, research analysts anticipate that AmeriCold Realty Trust will post 1.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, September 27th. AmeriCold Realty Trust’s dividend payout ratio (DPR) is currently 67.80%.

In related news, Director Kelly Hefner Barrett purchased 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of $34.96 per share, for a total transaction of $209,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on AmeriCold Realty Trust from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Robert W. Baird upped their target price on AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Citigroup assumed coverage on AmeriCold Realty Trust in a research report on Monday, July 1st. They issued a “buy” rating and a $38.00 target price on the stock. ValuEngine downgraded AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Bank of America reaffirmed a “buy” rating and issued a $37.00 target price on shares of AmeriCold Realty Trust in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. AmeriCold Realty Trust currently has an average rating of “Buy” and a consensus target price of $35.31.

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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Institutional Ownership by Quarter for AmeriCold Realty Trust (NYSE:COLD)

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