Americold Realty Trust, Inc. (NYSE:COLD) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $29.17.

Several analysts have issued reports on the stock. Citigroup cut their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Royal Bank of Canada reduced their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Barclays lowered their target price on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Scotiabank reduced their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research report on Tuesday, December 10th. Finally, Truist Financial lowered their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th.

Insiders Place Their Bets

In other news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Americold Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its holdings in shares of Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after purchasing an additional 961 shares during the period. GAMMA Investing LLC raised its stake in shares of Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in Americold Realty Trust in the third quarter worth $55,000. Signaturefd LLC increased its holdings in Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after buying an additional 740 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Americold Realty Trust by 29.5% during the 3rd quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock worth $110,000 after acquiring an additional 883 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $21.40 on Wednesday. The company has a market capitalization of $6.08 billion, a PE ratio of -21.19, a price-to-earnings-growth ratio of 1.80 and a beta of 0.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a fifty day moving average of $23.45 and a 200-day moving average of $26.35. Americold Realty Trust has a one year low of $20.98 and a one year high of $30.59.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.35). The company had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. As a group, equities analysts anticipate that Americold Realty Trust will post 1.38 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is presently -87.13%.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.