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

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

Several equities analysts recently weighed in on the company. 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 research report on Wednesday, August 28th. Barclays decreased their price target on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. Evercore ISI raised their price target on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Wolfe Research raised 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. Finally, Truist Financial raised their price target on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 16th.

Institutional Investors Weigh In On Americold Realty Trust

Large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in Americold Realty Trust during the second quarter worth approximately $720,000. Quarry LP increased its stake in Americold Realty Trust by 1,206.8% during the second quarter. Quarry LP now owns 8,599 shares of the company’s stock worth $220,000 after acquiring an additional 7,941 shares during the last quarter. Creative Planning bought a new stake in Americold Realty Trust during the second quarter worth approximately $462,000. Algert Global LLC increased its stake in Americold Realty Trust by 140.4% during the second quarter. Algert Global LLC now owns 398,616 shares of the company’s stock worth $10,181,000 after acquiring an additional 232,782 shares during the last quarter. Finally, Scientech Research LLC increased its stake in Americold Realty Trust by 218.1% during the second quarter. Scientech Research LLC now owns 30,096 shares of the company’s stock worth $769,000 after acquiring an additional 20,634 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Stock Performance

COLD stock opened at $29.02 on Monday. The company has a market cap of $8.25 billion, a P/E ratio of -24.80, a price-to-earnings-growth ratio of 1.99 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. The stock’s fifty day moving average price is $28.78 and its 200-day moving average price is $26.22. Americold Realty Trust has a 1 year low of $21.87 and a 1 year high of $33.24.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.54). The company had revenue of $660.96 million for the quarter, compared to analysts’ expectations of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. Americold Realty Trust’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. On average, equities analysts forecast that Americold Realty Trust will post 1.35 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.22 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.03%. Americold Realty Trust’s dividend payout ratio (DPR) is -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.