AmeriCold Realty Trust (NYSE:COLD) shares shot up 9% during trading on Tuesday . The stock traded as high as $31.08 and last traded at $30.86, 2,738,751 shares changed hands during trading. An increase of 30% from the average session volume of 2,102,726 shares. The stock had previously closed at $28.32.

Several brokerages have recently commented on COLD. SunTrust Banks decreased their price objective on AmeriCold Realty Trust from $41.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 28th. Royal Bank of Canada restated a “buy” rating and issued a $40.00 target price on shares of AmeriCold Realty Trust in a research note on Tuesday, February 25th. Zacks Investment Research upgraded AmeriCold Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 16th. JPMorgan Chase & Co. upgraded AmeriCold Realty Trust from a “neutral” rating to an “overweight” rating and set a $38.00 target price for the company in a research note on Wednesday, December 18th. Finally, Berenberg Bank lowered AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $38.75.

The stock has a 50 day moving average of $32.76 and a 200-day moving average of $35.40. The company has a market cap of $6.18 billion, a PE ratio of 132.54, a price-to-earnings-growth ratio of 8.05 and a beta of 0.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.22 and a current ratio of 0.22.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.21 per share. This is an increase from AmeriCold Realty Trust’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, March 30th. AmeriCold Realty Trust’s dividend payout ratio (DPR) is currently 68.38%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parnassus Investments CA acquired a new stake in shares of AmeriCold Realty Trust during the 4th quarter valued at about $96,845,000. State Street Corp grew its position in shares of AmeriCold Realty Trust by 51.5% during the 3rd quarter. State Street Corp now owns 7,119,547 shares of the company’s stock valued at $265,326,000 after acquiring an additional 2,420,306 shares during the period. Norges Bank acquired a new stake in shares of AmeriCold Realty Trust during the 4th quarter valued at about $69,792,000. Alliancebernstein L.P. grew its position in shares of AmeriCold Realty Trust by 24.5% during the 4th quarter. Alliancebernstein L.P. now owns 6,983,536 shares of the company’s stock valued at $244,843,000 after acquiring an additional 1,373,243 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of AmeriCold Realty Trust by 25.9% during the 4th quarter. Nuveen Asset Management LLC now owns 5,044,879 shares of the company’s stock valued at $176,874,000 after acquiring an additional 1,037,784 shares during the period.

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 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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