Americold Realty Trust, Inc. (NYSE:COLD) Receives $30.91 Average Price Target from Brokerages

Americold Realty Trust, Inc. (NYSE:COLD) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $30.91.

A number of analysts have weighed in on the stock. Evercore ISI increased their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Truist Financial boosted their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Barclays cut their price objective on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th. Robert W. Baird increased their target price on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Scotiabank lifted their price target on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after buying an additional 735 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Americold Realty Trust in the 2nd quarter valued at $85,000. Signaturefd LLC grew its holdings in shares of Americold Realty Trust by 22.7% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after purchasing an additional 740 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in Americold Realty Trust in the second quarter worth $204,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Trading Up 0.0 %

Shares of NYSE:COLD opened at $26.79 on Friday. The company has a 50 day moving average of $28.53 and a 200-day moving average of $26.59. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a market cap of $7.61 billion, a P/E ratio of -22.90, a P/E/G ratio of 1.77 and a beta of 0.60. Americold Realty Trust has a twelve month low of $21.87 and a twelve month high of $30.92.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The firm had revenue of $660.96 million during the quarter, compared to analyst estimates of $653.74 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts anticipate that Americold Realty Trust will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.28%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s dividend payout ratio is -75.21%.

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.