AmeriCold Realty Trust (NYSE:COLD) shares traded down 5.6% during trading on Friday following a dissappointing earnings announcement. The stock traded as low as $34.85 and last traded at $35.35, 5,221,707 shares were traded during mid-day trading. An increase of 145% from the average session volume of 2,129,876 shares. The stock had previously closed at $37.44.
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The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.17). AmeriCold Realty Trust had a net margin of 1.67% and a return on equity of 2.77%. The business had revenue of $466.18 million for the quarter, compared to analyst estimates of $452.64 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Friday, September 27th. AmeriCold Realty Trust’s payout ratio is 67.80%.
Several analysts have commented on the stock. TheStreet upgraded shares of AmeriCold Realty Trust from a “d” rating to a “c” rating in a research note on Friday, August 9th. Robert W. Baird boosted their target price on shares of AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Bank of America reiterated a “buy” rating and issued a $37.00 target price on shares of AmeriCold Realty Trust in a research note on Thursday, August 15th. JPMorgan Chase & Co. boosted their target price on shares of AmeriCold Realty Trust from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, ValuEngine cut shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. AmeriCold Realty Trust currently has a consensus rating of “Buy” and an average price target of $37.19.
In other news, Director Kelly Hefner Barrett bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $34.96 per share, for a total transaction of $209,760.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.42% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its holdings in AmeriCold Realty Trust by 4.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,362 shares of the company’s stock worth $336,000 after acquiring an additional 429 shares in the last quarter. Pendal Group Ltd increased its holdings in AmeriCold Realty Trust by 0.5% in the 2nd quarter. Pendal Group Ltd now owns 116,900 shares of the company’s stock worth $3,790,000 after acquiring an additional 600 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of AmeriCold Realty Trust by 2.1% during the third quarter. Daiwa Securities Group Inc. now owns 33,300 shares of the company’s stock worth $1,234,000 after buying an additional 700 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of AmeriCold Realty Trust by 316.5% during the second quarter. Rehmann Capital Advisory Group now owns 958 shares of the company’s stock worth $31,000 after buying an additional 728 shares in the last quarter. Finally, Nvwm LLC grew its holdings in shares of AmeriCold Realty Trust by 4.1% during the third quarter. Nvwm LLC now owns 18,751 shares of the company’s stock worth $695,000 after buying an additional 747 shares in the last quarter.
The firm has a market cap of $6.90 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 3.12 and a beta of 0.67. The stock’s fifty day moving average price is $37.82 and its 200-day moving average price is $34.64. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.
About AmeriCold Realty Trust (NYSE:COLD)
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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