Shares of AmeriCold Realty Trust (NYSE:COLD) have earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $31.00.

A number of brokerages have commented on COLD. Raymond James upped their target price on shares of AmeriCold Realty Trust from $31.00 to $33.50 and gave the company an “outperform” rating in a report on Monday, April 22nd. Berenberg Bank began coverage on shares of AmeriCold Realty Trust in a report on Wednesday, March 13th. They set a “buy” rating and a $35.00 target price for the company. Finally, Zacks Investment Research cut shares of AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 25th.

AmeriCold Realty Trust stock traded up $0.13 during midday trading on Friday, reaching $31.16. 103,922 shares of the company traded hands, compared to its average volume of 2,378,928. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 2.65 and a beta of 0.77. AmeriCold Realty Trust has a 12 month low of $20.45 and a 12 month high of $32.56. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.06.

AmeriCold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. AmeriCold Realty Trust had a net margin of 3.24% and a return on equity of 7.50%. The company had revenue of $393.10 million for the quarter, compared to the consensus estimate of $380.18 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Sell-side analysts expect that AmeriCold Realty Trust will post 1.18 EPS for the current fiscal year.

In other news, Director Ronald W. Burkle sold 38,422,583 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $27.47, for a total value of $1,055,468,355.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its stake in shares of AmeriCold Realty Trust by 51.9% in the first quarter. FMR LLC now owns 5,804,793 shares of the company’s stock worth $177,103,000 after purchasing an additional 1,983,188 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of AmeriCold Realty Trust in the first quarter worth $2,751,000. BlueCrest Capital Management Ltd purchased a new stake in shares of AmeriCold Realty Trust in the first quarter worth $280,000. Pentwater Capital Management LP purchased a new stake in shares of AmeriCold Realty Trust in the first quarter worth $1,068,000. Finally, Blackstone Group L.P. increased its stake in shares of AmeriCold Realty Trust by 161.9% in the first quarter. Blackstone Group L.P. now owns 525,700 shares of the company’s stock worth $16,039,000 after purchasing an additional 325,000 shares in the last quarter. 62.32% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: How To Calculate Debt-to-Equity Ratio

Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

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