Analysts Set Americold Realty Trust, Inc. (NYSE:COLD) PT at $31.18

Americold Realty Trust, Inc. (NYSE:COLD) has been given an average rating of “Moderate Buy” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $31.18.

Several equities analysts recently issued reports on the company. Evercore ISI upped their target price on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Barclays boosted their price target on Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Robert W. Baird raised their price objective on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Truist Financial lifted their target price on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Wells Fargo & Company increased their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock opened at $23.15 on Tuesday. The company has a 50 day moving average price of $27.48 and a 200 day moving average price of $26.82. The firm has a market capitalization of $6.58 billion, a P/E ratio of -22.92, a PEG ratio of 1.71 and a beta of 0.61. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. Americold Realty Trust has a 52 week low of $21.87 and a 52 week high of $30.92.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $660.96 million during the quarter, compared to analysts’ expectations of $653.74 million. During the same period in the prior year, the business posted $0.28 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Sell-side analysts expect that Americold Realty Trust will post 1.39 EPS for the current 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. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.80%. Americold Realty Trust’s dividend payout ratio is presently -87.13%.

Hedge Funds Weigh In On Americold Realty Trust

Several institutional investors have recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after buying an additional 961 shares in the last quarter. GAMMA Investing LLC grew its position 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 acquiring an additional 735 shares during the period. Blue Trust Inc. increased 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. acquired a new position in Americold Realty Trust in the 2nd quarter worth about $85,000. Finally, Signaturefd LLC boosted its position in Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after purchasing an additional 740 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.