AmeriCold Realty Trust (NYSE:COLD) had its price target increased by Bank of America from $23.50 to $28.50 in a research note issued to investors on Friday. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on COLD. Zacks Investment Research downgraded shares of AmeriCold Realty Trust from a buy rating to a hold rating in a research report on Thursday, June 7th. Royal Bank of Canada boosted their price objective on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the company a buy rating in a research report on Friday, August 10th. Robert W. Baird boosted their price objective on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the company an outperform rating in a research report on Tuesday. Finally, Raymond James boosted their price objective on shares of AmeriCold Realty Trust from $25.00 to $27.00 and gave the company an outperform rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $24.13.

Shares of NYSE COLD opened at $25.38 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.24 and a current ratio of 0.24. AmeriCold Realty Trust has a 52 week low of $16.13 and a 52 week high of $26.08.

AmeriCold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.19. The company had revenue of $394.70 million for the quarter, compared to analysts’ expectations of $392.08 million. AmeriCold Realty Trust’s quarterly revenue was up 4.0% on a year-over-year basis. analysts predict that AmeriCold Realty Trust will post 1.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, September 27th.

In other news, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $23.54, for a total transaction of $170,324,352.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ronald W. Burkle sold 16,530,191 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $23.54, for a total transaction of $389,120,696.14. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in shares of AmeriCold Realty Trust by 72.2% during the 2nd quarter. Northern Trust Corp now owns 1,038,811 shares of the company’s stock valued at $22,874,000 after buying an additional 435,682 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AmeriCold Realty Trust by 57.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 690,414 shares of the company’s stock valued at $15,202,000 after buying an additional 251,160 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of AmeriCold Realty Trust by 72.4% during the 2nd quarter. California Public Employees Retirement System now owns 17,241 shares of the company’s stock valued at $380,000 after buying an additional 7,241 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of AmeriCold Realty Trust by 16.1% during the 2nd quarter. Millennium Management LLC now owns 634,388 shares of the company’s stock valued at $13,969,000 after buying an additional 87,939 shares in the last quarter. Finally, Soros Fund Management LLC bought a new stake in shares of AmeriCold Realty Trust during the 2nd quarter valued at $12,143,000. Hedge funds and other institutional investors own 60.25% of the company’s stock.

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 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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Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

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