Eii Capital Management Inc. boosted its position in AmeriCold Realty Trust (NYSE:COLD) by 30.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,597 shares of the company’s stock after acquiring an additional 5,232 shares during the quarter. Eii Capital Management Inc.’s holdings in AmeriCold Realty Trust were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of COLD. BlackRock Inc. boosted its holdings in AmeriCold Realty Trust by 57.7% in the first quarter. BlackRock Inc. now owns 12,328,819 shares of the company’s stock valued at $376,154,000 after acquiring an additional 4,511,139 shares during the last quarter. FMR LLC boosted its holdings in AmeriCold Realty Trust by 51.9% in the first quarter. FMR LLC now owns 5,804,793 shares of the company’s stock valued at $177,103,000 after acquiring an additional 1,983,188 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in AmeriCold Realty Trust by 288.2% in the first quarter. JPMorgan Chase & Co. now owns 2,107,097 shares of the company’s stock valued at $64,288,000 after acquiring an additional 1,564,251 shares during the last quarter. Marshall Wace LLP acquired a new position in AmeriCold Realty Trust in the first quarter valued at $36,515,000. Finally, Hilton Capital Management LLC acquired a new position in AmeriCold Realty Trust in the first quarter valued at $34,127,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.
A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. Raymond James reiterated a “buy” rating on shares of West Fraser Timber in a report on Monday, April 22nd. Finally, Citigroup set a $210.00 price objective on Constellation Brands and gave the company a “hold” rating in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. AmeriCold Realty Trust presently has an average rating of “Buy” and a consensus price target of $31.75.
AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. AmeriCold Realty Trust had a return on equity of 7.53% and a net margin of 3.24%. The company had revenue of $393.10 million for the quarter, compared to analyst estimates of $380.18 million. During the same period last year, the company posted $0.31 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts forecast that AmeriCold Realty Trust will post 1.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.39%. The ex-dividend date was Thursday, June 27th. AmeriCold Realty Trust’s dividend payout ratio (DPR) is presently 67.80%.
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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