Americold Realty Trust, Inc. (NYSE:COLD) Receives Average Recommendation of “Moderate Buy” from Analysts

Americold Realty Trust, Inc. (NYSE:COLD) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $29.17.

COLD has been the topic of a number of analyst reports. Scotiabank cut their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. Truist Financial cut 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 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. Citigroup cut 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 research report on Wednesday, December 4th. Finally, Royal Bank of Canada lowered their target price on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $22.67 on Monday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust has a 1 year low of $20.41 and a 1 year high of $30.45. The company has a market cap of $6.45 billion, a PE ratio of -66.66, a PEG ratio of 1.66 and a beta of 0.57. The company’s 50-day moving average is $21.74 and its two-hundred day moving average is $24.31.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The company had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. Equities analysts anticipate that Americold Realty Trust will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 3.88%. Americold Realty Trust’s dividend payout ratio is currently -258.82%.

Hedge Funds Weigh In On Americold Realty Trust

Several hedge funds have recently made changes to their positions in COLD. Brown Brothers Harriman & Co. bought a new position in shares of Americold Realty Trust during the 4th quarter worth approximately $25,000. Assetmark Inc. grew its stake in shares of Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after acquiring an additional 961 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Americold Realty Trust by 1,081.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after acquiring an additional 2,033 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Americold Realty Trust during the 3rd quarter worth approximately $55,000. Finally, Vestcor Inc bought a new position in shares of Americold Realty Trust during the 4th quarter worth approximately $86,000. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.