Barclays Increases Americold Realty Trust (NYSE:COLD) Price Target to $28.00

Americold Realty Trust (NYSE:COLD) had its price objective upped by Barclays from $25.00 to $28.00 in a report released on Monday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on COLD. Truist Financial raised their price target on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Wells Fargo & Company lifted their target price on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Monday, July 1st. Evercore ISI raised their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Robert W. Baird upped their target price on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.18.

Americold Realty Trust Stock Performance

Shares of COLD opened at $25.68 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $7.29 billion, a PE ratio of -21.95, a PEG ratio of 1.77 and a beta of 0.60. Americold Realty Trust has a 1 year low of $21.87 and a 1 year high of $30.92. The stock’s fifty day moving average price is $27.95 and its two-hundred day moving average price is $26.76.

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

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 3.43%. Americold Realty Trust’s payout ratio is -75.21%.

Institutional Trading of Americold Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Insight Partners LLC lifted its holdings in shares of Americold Realty Trust by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock worth $390,000 after acquiring an additional 380 shares during the last quarter. Moors & Cabot Inc. raised its position in Americold Realty Trust by 2.3% in the 2nd quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock worth $443,000 after purchasing an additional 390 shares during the period. Signaturefd LLC lifted its stake in Americold Realty Trust by 17.3% in the third quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after purchasing an additional 689 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Americold Realty Trust by 1.0% during the third quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock valued at $2,089,000 after buying an additional 700 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after buying an additional 735 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.