Americold Realty Trust, Inc. (NYSE:COLD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. Three investment 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 issued a report on the stock in the last year is $29.17.

COLD has been the topic of several recent research reports. Barclays decreased their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Scotiabank reduced their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research note on Tuesday, December 10th. Robert W. Baird reduced their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Raymond James reduced their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Finally, Truist Financial reduced their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th.

Insider Transactions at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were 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 owns 1,837 shares in the company, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new stake in Americold Realty Trust during the 4th quarter valued at about $702,000. SG Americas Securities LLC raised its holdings in shares of Americold Realty Trust by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 53,236 shares of the company’s stock valued at $1,139,000 after purchasing an additional 17,295 shares in the last quarter. Foresight Group Ltd Liability Partnership raised its holdings in shares of Americold Realty Trust by 19.5% in the 4th quarter. Foresight Group Ltd Liability Partnership now owns 87,860 shares of the company’s stock valued at $1,864,000 after purchasing an additional 14,320 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of Americold Realty Trust by 34.5% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 24,310 shares of the company’s stock valued at $520,000 after purchasing an additional 6,236 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Americold Realty Trust by 19.6% in the 4th quarter. Park Avenue Securities LLC now owns 21,156 shares of the company’s stock worth $453,000 after buying an additional 3,464 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 0.1 %

Shares of Americold Realty Trust stock opened at $21.40 on Friday. The company has a market cap of $6.08 billion, a price-to-earnings ratio of -21.19, a price-to-earnings-growth ratio of 1.55 and a beta of 0.61. The company’s 50 day moving average is $22.16 and its 200 day moving average is $25.89. Americold Realty Trust has a twelve month low of $20.41 and a twelve month high of $30.45. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data 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 company had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company earned $0.32 EPS. Research analysts anticipate that Americold Realty Trust will post 1.38 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.11%. Americold Realty Trust’s payout ratio is currently -87.13%.

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.