Americold Realty Trust, Inc. (NYSE:COLD) Receives $30.91 Consensus PT from Analysts

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $30.91.

COLD has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Wednesday, June 26th. Barclays decreased their price target on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Robert W. Baird raised their price objective on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Evercore ISI upped their target price on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Monday, July 1st.

Americold Realty Trust Price Performance

COLD opened at $28.38 on Monday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. Americold Realty Trust has a 1 year low of $21.87 and a 1 year high of $32.34. The stock has a fifty day moving average price of $28.96 and a 200 day moving average price of $26.30. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of -24.26, a PEG ratio of 1.99 and a beta of 0.60.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.54). The business had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. Americold Realty Trust’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. Analysts forecast that Americold Realty Trust will post 1.35 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.22 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.10%. Americold Realty Trust’s dividend payout ratio is -75.21%.

Institutional Trading of Americold Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of COLD. Sanctuary Advisors LLC bought a new stake in shares of Americold Realty Trust in the 2nd quarter worth approximately $720,000. Quarry LP raised its stake in shares of Americold Realty Trust by 1,206.8% in the second quarter. Quarry LP now owns 8,599 shares of the company’s stock valued at $220,000 after purchasing an additional 7,941 shares in the last quarter. Creative Planning bought a new position in Americold Realty Trust in the second quarter worth $462,000. Algert Global LLC lifted its position in Americold Realty Trust by 140.4% in the second quarter. Algert Global LLC now owns 398,616 shares of the company’s stock worth $10,181,000 after purchasing an additional 232,782 shares during the period. Finally, Scientech Research LLC boosted its stake in Americold Realty Trust by 218.1% during the second quarter. Scientech Research LLC now owns 30,096 shares of the company’s stock worth $769,000 after buying an additional 20,634 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Company Profile

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.