AmeriCold Realty Trust (COLD) Rating Increased to Hold at Zacks Investment Research

AmeriCold Realty Trust (NYSE:COLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Americold Realty Trust is a real estate investment trust. It owns and operates temperature-controlled warehouses. The company operates primarily in the United States, Australia, New Zealand, Argentina and Canada. Americold Realty Trust is based in Atlanta, Georgia. “

A number of other equities analysts have also weighed in on the company. Robert W. Baird upped their price objective on AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 18th. Bank of America upped their price objective on AmeriCold Realty Trust from $23.50 to $28.50 and gave the stock a “buy” rating in a research note on Friday, September 21st. Royal Bank of Canada upped their price objective on AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Finally, Raymond James upped their price objective on AmeriCold Realty Trust from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 19th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $24.13.

Shares of NYSE COLD traded up $1.46 during mid-day trading on Friday, reaching $26.36. The company’s stock had a trading volume of 1,930,620 shares, compared to its average volume of 877,187. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.06. AmeriCold Realty Trust has a 52 week low of $16.13 and a 52 week high of $26.46.

AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). The firm had revenue of $402.01 million during the quarter, compared to analysts’ expectations of $404.35 million. AmeriCold Realty Trust’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts forecast that AmeriCold Realty Trust will post 1.06 EPS for the current year.

In related news, Director Ronald W. Burkle sold 16,530,191 shares of the business’s 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 filing with the SEC, which is available through this link. Also, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of the business’s 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.

Several large investors have recently bought and sold shares of the stock. Sarasin & Partners LLP lifted its position in shares of AmeriCold Realty Trust by 1.1% in the third quarter. Sarasin & Partners LLP now owns 230,000 shares of the company’s stock worth $5,755,000 after buying an additional 2,478 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of AmeriCold Realty Trust by 40.3% in the third quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the company’s stock worth $218,000 after buying an additional 2,500 shares in the last quarter. Rhumbline Advisers lifted its position in shares of AmeriCold Realty Trust by 7.4% in the second quarter. Rhumbline Advisers now owns 59,994 shares of the company’s stock worth $1,321,000 after buying an additional 4,130 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of AmeriCold Realty Trust by 46.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 14,580 shares of the company’s stock worth $365,000 after buying an additional 4,645 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of AmeriCold Realty Trust by 21.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 35,000 shares of the company’s stock worth $876,000 after buying an additional 6,100 shares in the last quarter. Institutional investors own 60.65% of the company’s stock.

AmeriCold Realty Trust Company Profile

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.

Featured Article: Tariff

Get a free copy of the Zacks research report on AmeriCold Realty Trust (COLD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

Receive News & Ratings for AmeriCold Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmeriCold Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply