Zacks Investment Research upgraded shares of AmeriCold Realty Trust (NYSE:COLD) from a hold rating to a buy rating in a research report released on Thursday morning. Zacks Investment Research currently has $30.00 target price on the stock.

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 research firms have also recently weighed in on COLD. Bank of America raised their price objective on AmeriCold Realty Trust from $23.50 to $28.50 and gave the stock a buy rating in a research report on Friday, September 21st. Royal Bank of Canada raised their price objective on AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock a buy rating in a research report on Friday, August 10th. Robert W. Baird raised their price objective on AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock an outperform rating in a research report on Tuesday, September 18th. Finally, Raymond James raised their price objective on AmeriCold Realty Trust from $25.00 to $27.00 and gave the stock an outperform rating in a research report on Wednesday, September 19th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $24.81.

AmeriCold Realty Trust stock opened at $26.68 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.30 and a debt-to-equity ratio of 0.06. AmeriCold Realty Trust has a 1-year low of $16.13 and a 1-year high of $26.97.

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

In other AmeriCold Realty Trust 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 transaction of $389,120,696.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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.

A number of institutional investors and hedge funds have recently modified their holdings of COLD. Daiwa Securities Group Inc. acquired a new stake in AmeriCold Realty Trust during the 2nd quarter worth about $137,000. California Public Employees Retirement System acquired a new stake in AmeriCold Realty Trust during the 1st quarter worth about $191,000. Eii Capital Management Inc. acquired a new position in shares of AmeriCold Realty Trust in the 3rd quarter valued at about $199,000. United Services Automobile Association acquired a new position in shares of AmeriCold Realty Trust in the 3rd quarter valued at about $208,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of AmeriCold Realty Trust in the 2nd quarter valued at about $219,000. 61.64% of the stock is owned by institutional investors.

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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