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

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

Several other research analysts also recently weighed in on COLD. Scotiabank boosted their target price on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Wolfe Research upgraded shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Monday, July 1st. Evercore ISI increased 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. Wells Fargo & Company boosted their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Robert W. Baird raised their price target 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.18.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock opened at $25.91 on Monday. The company has a market capitalization of $7.36 billion, a PE ratio of -22.14, a P/E/G ratio of 1.77 and a beta of 0.60. The company has a 50-day simple moving average of $28.01 and a two-hundred day simple moving average of $26.76. Americold Realty Trust has a one year low of $21.87 and a one year high of $30.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

Americold Realty Trust (NYSE:COLD) last posted its earnings results 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 net margin of 10.60% and a negative return on equity of 7.74%. The firm had revenue of $660.96 million for the quarter, compared to analysts’ expectations of $653.74 million. During the same period in the previous year, the company earned $0.28 EPS. The company’s revenue was up 1.7% on a year-over-year basis. Research analysts expect that Americold Realty Trust will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.22 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.40%. Americold Realty Trust’s payout ratio is currently -75.21%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in COLD. GAMMA Investing LLC grew its position in Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares during the period. Blue Trust Inc. lifted its holdings in shares of Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after buying an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Americold Realty Trust in the second quarter worth about $85,000. Signaturefd LLC grew its holdings in Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after acquiring an additional 740 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in Americold Realty Trust during the second quarter valued at approximately $204,000. 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.