Americold Realty Trust Inc. (NYSE:COLD) Receives Average Recommendation of “Hold” from Brokerages

Shares of Americold Realty Trust Inc. (NYSE:COLD) have received an average recommendation of “Hold” from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $18.0769.

COLD has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Robert W. Baird dropped their price target on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. Royal Bank Of Canada reduced their price objective on shares of Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Scotiabank dropped their target price on shares of Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Friday, September 5th. Finally, Barclays cut their price target on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday.

Americold Realty Trust Stock Performance

Shares of COLD opened at $13.74 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The firm’s 50 day moving average is $13.58 and its 200-day moving average is $16.01. Americold Realty Trust has a 12-month low of $11.90 and a 12-month high of $26.42. The stock has a market capitalization of $3.91 billion, a P/E ratio of -72.32, a P/E/G ratio of 4.37 and a beta of 0.81.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $650.75 million during the quarter, compared to analysts’ expectations of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. Equities research analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.23 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.7%. Americold Realty Trust’s dividend payout ratio is presently -484.21%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in Americold Realty Trust in the 2nd quarter worth about $206,317,000. Massachusetts Financial Services Co. MA lifted its position in shares of Americold Realty Trust by 649.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock worth $89,247,000 after purchasing an additional 3,603,716 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Americold Realty Trust in the third quarter worth approximately $38,980,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Americold Realty Trust by 1,567.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company’s stock worth $63,541,000 after purchasing an additional 2,783,264 shares during the period. Finally, Lasalle Investment Management Securities LLC grew its position in Americold Realty Trust by 78.2% during the second quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company’s stock valued at $103,322,000 after purchasing an additional 2,726,809 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.