Americold Realty Trust, Inc. (NYSE:COLD) Given Average Rating of “Moderate Buy” by Analysts

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $30.91.

COLD has been the subject of several recent research reports. Barclays lowered their price target on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Wells Fargo & Company raised their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Robert W. Baird increased their target price on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Wednesday, June 26th. Finally, Truist Financial upped their price target on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th.

Institutional Investors Weigh In On Americold Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. PGGM Investments bought a new stake in Americold Realty Trust in the 2nd quarter valued at $114,436,000. Long Pond Capital LP acquired a new stake in Americold Realty Trust during the first quarter worth about $106,206,000. Principal Financial Group Inc. grew its position in Americold Realty Trust by 49.6% during the first quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock worth $291,526,000 after buying an additional 3,879,632 shares in the last quarter. V3 Capital Management L.P. increased its stake in Americold Realty Trust by 181.5% during the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock valued at $64,941,000 after acquiring an additional 1,680,275 shares during the period. Finally, Deprince Race & Zollo Inc. raised its holdings in Americold Realty Trust by 2,542.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after acquiring an additional 1,647,522 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of COLD opened at $26.70 on Friday. The company has a 50-day moving average of $28.63 and a two-hundred day moving average of $26.53. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of -22.82, a PEG ratio of 1.90 and a beta of 0.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. Americold Realty Trust has a one year low of $21.87 and a one year high of $30.92.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) 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 business had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Americold Realty Trust will post 1.39 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.30%. The ex-dividend date is Monday, September 30th. Americold Realty Trust’s dividend payout ratio is currently -75.21%.

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.