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

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $29.17.

COLD has been the subject of several research analyst reports. Royal Bank of Canada dropped 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 cut their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Citigroup lowered 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. Scotiabank cut 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 note on Tuesday, December 10th. Finally, Raymond James lowered their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th.

Insider Activity

In related news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the transaction, the senior vice president now owns 1,837 shares in the company, valued at $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 is available through this hyperlink. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Americold Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew its holdings in Americold Realty Trust by 40.8% in the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after purchasing an additional 3,844,603 shares during the period. Deprince Race & Zollo Inc. grew its holdings in shares of Americold Realty Trust by 2,542.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after buying an additional 1,647,522 shares during the last quarter. Darlington Partners Capital Management LP grew its holdings in shares of Americold Realty Trust by 15.1% during the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after buying an additional 1,183,571 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Americold Realty Trust by 2,175.4% during the second quarter. AQR Capital Management LLC now owns 1,087,628 shares of the company’s stock valued at $27,071,000 after buying an additional 1,039,828 shares during the last quarter. Finally, Makena Capital Management LLC purchased a new stake in shares of Americold Realty Trust during the second quarter valued at approximately $8,406,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $21.40 on Friday. The stock has a market capitalization of $6.08 billion, a P/E ratio of -21.19, a PEG ratio of 1.55 and a beta of 0.61. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $22.16 and its 200 day moving average is $25.89. Americold Realty Trust has a 12 month low of $20.41 and a 12 month high of $30.45.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The business had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Americold Realty Trust will post 1.38 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is -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.