Americold Realty Trust (NYSE:COLD) shares reached a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $19.66 and last traded at $19.51, with a volume of 121168 shares traded. The stock had previously closed at $19.36.
A number of research firms recently issued reports on COLD. Robert W. Baird reiterated a “buy” rating and set a $22.00 price objective on shares of Americold Realty Trust in a report on Thursday, April 12th. JPMorgan Chase began coverage on Americold Realty Trust in a report on Tuesday, February 13th. They set a “neutral” rating and a $19.00 price objective for the company. SunTrust Banks began coverage on Americold Realty Trust in a report on Tuesday, February 13th. They set a “buy” rating and a $21.00 price objective for the company. Bank of America began coverage on Americold Realty Trust in a report on Tuesday, February 13th. They set a “buy” rating and a $20.00 price objective for the company. Finally, ValuEngine downgraded Americold Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Americold Realty Trust currently has a consensus rating of “Buy” and a consensus target price of $20.58.
The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of -0.31.
In other news, Director Ronald W. Burkle sold 13,581,284 shares of Americold Realty Trust stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $14.90, for a total transaction of $202,361,131.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Goldman Sachs Group Inc bought 125,000 shares of Americold Realty Trust stock in a transaction dated Friday, January 19th. The shares were acquired at an average price of $17.40 per share, with a total value of $2,175,000.00. The disclosure for this purchase can be found here.
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About Americold Realty Trust
Americold Realty Trust is the world's largest owner and operator of temperature-controlled warehouses. We are organized as a self-administered and self-managed REIT with proven operating, development and acquisition expertise. As of September 30, 2017, we operated a global network of 160 high-quality warehouses encompassing 945.3 million cubic feet, with 142 warehouses in the United States, six warehouses in Australia, seven warehouses in New Zealand, two warehouses in Argentina and three warehouses in Canada.
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