Lido Advisors LLC grew its position in shares of AmeriCold Realty Trust (NYSE:COLD) by 100.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,601 shares of the company’s stock after purchasing an additional 14,812 shares during the period. Lido Advisors LLC’s holdings in AmeriCold Realty Trust were worth $746,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. purchased a new position in shares of AmeriCold Realty Trust during the 2nd quarter worth about $137,000. Eii Capital Management Inc. purchased a new position in shares of AmeriCold Realty Trust during the 3rd quarter worth about $199,000. United Services Automobile Association purchased a new position in shares of AmeriCold Realty Trust during the 3rd quarter worth about $208,000. Oppenheimer Asset Management Inc. purchased a new position in shares of AmeriCold Realty Trust during the 2nd quarter worth about $219,000. Finally, UBS Group AG purchased a new position in shares of AmeriCold Realty Trust during the 1st quarter worth about $231,000. 75.80% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on COLD shares. Royal Bank of Canada increased their price objective on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Zacks Investment Research upgraded shares of AmeriCold Realty Trust from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, August 14th. Robert W. Baird raised their price target on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 18th. Raymond James raised their price target on shares of AmeriCold Realty Trust from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, September 19th. Finally, Bank of America raised their price target on shares of AmeriCold Realty Trust from $23.50 to $28.50 and gave the company a “buy” rating in a report on Friday, September 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. AmeriCold Realty Trust presently has an average rating of “Buy” and an average target price of $26.19.
NYSE COLD opened at $27.86 on Friday. AmeriCold Realty Trust has a one year low of $16.13 and a one year high of $28.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.06.
AmeriCold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.10). AmeriCold Realty Trust had a net margin of 3.35% and a return on equity of 11.66%. The business had revenue of $402.01 million during the quarter, compared to analysts’ expectations of $404.35 million. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts anticipate that AmeriCold Realty Trust will post 1.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a $0.1875 dividend. The ex-dividend date is Friday, December 28th. This represents a $0.75 annualized dividend and a yield of 2.69%.
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AmeriCold Realty Trust Company Profile
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.
Further Reading: Growth Stocks
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