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

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $28.00.

A number of brokerages have recently commented on COLD. Barclays upgraded shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Scotiabank reduced their price target on shares of Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 10th. Finally, Citigroup reduced their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, March 21st.

Hedge Funds Weigh In On Americold Realty Trust

Several large investors have recently added to or reduced their stakes in COLD. Brown Brothers Harriman & Co. purchased a new position in Americold Realty Trust during the fourth quarter valued at approximately $25,000. Parallel Advisors LLC boosted its position in shares of Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after acquiring an additional 847 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Americold Realty Trust by 1,081.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after acquiring an additional 2,033 shares during the last quarter. Spire Wealth Management bought a new position in shares of Americold Realty Trust during the first quarter worth $52,000. Finally, Blue Trust Inc. boosted its position in shares of Americold Realty Trust by 3,390.0% during the first quarter. Blue Trust Inc. now owns 2,792 shares of the company’s stock worth $60,000 after acquiring an additional 2,712 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 1.2 %

NYSE:COLD opened at $20.13 on Tuesday. The firm has a market cap of $5.73 billion, a P/E ratio of -59.20, a P/E/G ratio of 1.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. Americold Realty Trust has a fifty-two week low of $16.67 and a fifty-two week high of $30.45. The firm has a 50-day simple moving average of $20.94 and a two-hundred day simple moving average of $22.17.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The firm had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. Analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 4.57%. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s payout ratio is currently -270.59%.

About Americold Realty Trust

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.