Nisa Investment Advisors LLC boosted its position in shares of AmeriCold Realty Trust (NYSE:COLD) by 48.6% during the second quarter, Holdings Channel.com reports. The fund owned 71,583 shares of the company’s stock after acquiring an additional 23,415 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AmeriCold Realty Trust were worth $2,598,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nissay Asset Management Corp Japan ADV boosted its stake in AmeriCold Realty Trust by 3.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,596 shares of the company’s stock worth $531,000 after buying an additional 546 shares during the period. Nvwm LLC raised its holdings in shares of AmeriCold Realty Trust by 3.4% in the first quarter. Nvwm LLC now owns 18,516 shares of the company’s stock valued at $634,000 after acquiring an additional 617 shares in the last quarter. Trustcore Financial Services LLC raised its holdings in AmeriCold Realty Trust by 102.9% in the first quarter. Trustcore Financial Services LLC now owns 1,260 shares of the company’s stock worth $43,000 after purchasing an additional 639 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in AmeriCold Realty Trust by 342.5% in the first quarter. First Horizon Advisors Inc. now owns 1,292 shares of the company’s stock worth $44,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Comerica Bank raised its holdings in AmeriCold Realty Trust by 6.7% in the first quarter. Comerica Bank now owns 17,054 shares of the company’s stock worth $535,000 after purchasing an additional 1,069 shares in the last quarter.
AmeriCold Realty Trust stock opened at $40.35 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.06. The firm has a market cap of $8.08 billion, a PE ratio of 106.18, a P/E/G ratio of 4.39 and a beta of 0.14. The stock’s 50 day simple moving average is $36.82 and its two-hundred day simple moving average is $34.47. AmeriCold Realty Trust has a 12 month low of $23.30 and a 12 month high of $40.79.
AmeriCold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.18). The business had revenue of $484.07 million for the quarter, compared to analyst estimates of $477.40 million. AmeriCold Realty Trust had a return on equity of 4.04% and a net margin of 4.07%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. On average, equities research analysts forecast that AmeriCold Realty Trust will post 1.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, June 29th. AmeriCold Realty Trust’s payout ratio is 71.79%.
Several research firms have recently issued reports on COLD. Royal Bank of Canada restated a “buy” rating and set a $39.00 price objective on shares of AmeriCold Realty Trust in a report on Thursday, May 14th. Bank of America upgraded AmeriCold Realty Trust from a “neutral” rating to a “buy” rating in a research report on Monday, May 11th. Zacks Investment Research upgraded AmeriCold Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Raymond James upped their price objective on AmeriCold Realty Trust from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $38.14.
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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