Americold Realty Trust, Inc. (NYSE:COLD) Receives $29.17 Consensus PT from Analysts

Americold Realty Trust, Inc. (NYSE:COLD) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $29.17.

A number of analysts recently commented on COLD shares. Robert W. Baird decreased their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Citigroup lowered their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, December 4th. Truist Financial lowered their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Barclays cut their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Raymond James lowered their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th.

Americold Realty Trust Stock Performance

Shares of COLD opened at $21.40 on Wednesday. Americold Realty Trust has a one year low of $20.98 and a one year high of $30.59. The firm has a 50-day moving average of $23.56 and a 200-day moving average of $26.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $6.08 billion, a PE ratio of -21.19, a price-to-earnings-growth ratio of 1.80 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The firm had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $0.32 EPS. As a group, equities analysts forecast that Americold Realty Trust will post 1.38 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 4.11%. Americold Realty Trust’s payout ratio is -87.13%.

Insiders Place Their Bets

In related news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares in the company, valued at $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of COLD. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Americold Realty Trust during the 2nd quarter valued at approximately $236,000. Bank of New York Mellon Corp increased its position in shares of Americold Realty Trust by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 1,259,657 shares of the company’s stock valued at $32,172,000 after acquiring an additional 80,589 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Americold Realty Trust by 8.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 15,022 shares of the company’s stock valued at $384,000 after purchasing an additional 1,150 shares during the period. HB Wealth Management LLC lifted its stake in Americold Realty Trust by 8.4% during the 2nd quarter. HB Wealth Management LLC now owns 22,897 shares of the company’s stock worth $585,000 after acquiring an additional 1,784 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Americold Realty Trust by 2.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,320 shares of the company’s stock valued at $4,580,000 after buying an additional 4,848 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

About Americold Realty Trust

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.