Brokerages Set AmeriCold Realty Trust (COLD) Price Target at $26.81
Shares of AmeriCold Realty Trust (NYSE:COLD) have been assigned an average recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $26.81.
A number of equities analysts recently commented on COLD shares. SunTrust Banks boosted their target price on shares of AmeriCold Realty Trust to $32.00 and gave the stock a “positive” rating in a research note on Wednesday, November 21st. Robert W. Baird boosted their target price on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, September 18th. Bank of America boosted their target price on shares of AmeriCold Realty Trust from $23.50 to $28.50 and gave the company a “buy” rating in a research note on Friday, September 21st. Raymond James boosted their target price on shares of AmeriCold Realty Trust from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, September 19th. Finally, Zacks Investment Research lowered shares of AmeriCold Realty Trust from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, October 10th.
COLD stock traded up $0.21 during trading hours on Friday, hitting $27.33. The company’s stock had a trading volume of 10,036 shares, compared to its average volume of 1,541,653. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.30. AmeriCold Realty Trust has a 12 month low of $16.13 and a 12 month high of $28.04.
The firm also recently announced 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 of this dividend is Friday, December 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.74%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eii Capital Management Inc. bought a new stake in AmeriCold Realty Trust during the 3rd quarter worth about $199,000. United Services Automobile Association bought a new position in shares of AmeriCold Realty Trust in the 3rd quarter valued at about $208,000. Daiwa Securities Group Inc. boosted its stake in shares of AmeriCold Realty Trust by 40.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the company’s stock valued at $218,000 after purchasing an additional 2,500 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of AmeriCold Realty Trust in the 2nd quarter valued at about $219,000. Finally, First Trust Advisors LP bought a new position in shares of AmeriCold Realty Trust in the 3rd quarter valued at about $279,000. Institutional investors and hedge funds own 75.80% of the company’s stock.
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.
Further Reading: How to interpret a stock’s beta number
Receive News & Ratings for AmeriCold Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmeriCold Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.