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

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

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

Americold Realty Trust Price Performance

NYSE:COLD opened at $22.67 on Monday. Americold Realty Trust has a 1-year low of $20.41 and a 1-year high of $30.45. 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 has a fifty day simple moving average of $21.74 and a 200 day simple moving average of $24.31. The stock has a market capitalization of $6.45 billion, a PE ratio of -66.66, a P/E/G ratio of 1.66 and a beta of 0.57.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $666.44 million during the quarter, compared to analysts’ expectations of $684.03 million. On average, research analysts expect that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is currently -258.82%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COLD. Brown Brothers Harriman & Co. acquired a new position in Americold Realty Trust in the fourth quarter valued at about $25,000. Assetmark Inc. raised its stake in Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after purchasing an additional 961 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after purchasing an additional 2,033 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Americold Realty Trust in the third quarter valued at about $55,000. Finally, Vestcor Inc acquired a new position in Americold Realty Trust in the fourth quarter valued at about $86,000. Institutional investors and hedge funds 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.