Shares of AmeriCold Realty Trust (NYSE:COLD) hit a new 52-week high during trading on Monday . The stock traded as high as $24.95 and last traded at $24.90, with a volume of 541280 shares changing hands. The stock had previously closed at $24.52.

COLD has been the subject of several analyst reports. Raymond James initiated coverage on AmeriCold Realty Trust in a report on Wednesday, May 9th. They set an “outperform” rating and a $22.50 price objective for the company. Zacks Investment Research lowered AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Royal Bank of Canada increased their price objective on AmeriCold Realty Trust from $25.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 10th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $22.00.

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.24 and a quick ratio of 0.24.

AmeriCold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.19. The firm had revenue of $394.70 million during the quarter, compared to analyst estimates of $392.08 million. AmeriCold Realty Trust’s revenue for the quarter was up 4.0% on a year-over-year basis. equities analysts forecast that AmeriCold Realty Trust will post 1.07 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in shares of AmeriCold Realty Trust by 7.4% in the 2nd quarter. Rhumbline Advisers now owns 59,994 shares of the company’s stock valued at $1,321,000 after acquiring an additional 4,130 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of AmeriCold Realty Trust in the 2nd quarter valued at $137,000. California Public Employees Retirement System increased its position in shares of AmeriCold Realty Trust by 72.4% in the 2nd quarter. California Public Employees Retirement System now owns 17,241 shares of the company’s stock valued at $380,000 after acquiring an additional 7,241 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of AmeriCold Realty Trust in the 1st quarter valued at $146,000. Finally, Teachers Insurance & Annuity Association of America increased its position in shares of AmeriCold Realty Trust by 13.2% in the 2nd quarter. Teachers Insurance & Annuity Association of America now owns 67,276 shares of the company’s stock valued at $1,481,000 after acquiring an additional 7,824 shares during the period. 60.25% of the stock is currently owned by hedge funds and other institutional investors.

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 158 temperature-controlled warehouses, with approximately 934 million cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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