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

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat Ratings 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 target price among analysts that have issued ratings on the stock in the last year is $29.17.

COLD has been the subject of several 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 for the company in a report on Monday, November 18th. Robert W. Baird decreased their target price on 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. Citigroup dropped their price target on 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. Scotiabank reduced their price objective on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research report on Tuesday, December 10th. Finally, Truist Financial dropped their target price on 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.

Insider Buying and Selling at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the transaction, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Institutional Trading of Americold Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in COLD. Sumitomo Mitsui Trust Group Inc. grew its position in Americold Realty Trust by 9.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock worth $39,936,000 after buying an additional 123,776 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Americold Realty Trust by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after acquiring an additional 165,667 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Americold Realty Trust by 14.4% in the 3rd quarter. Franklin Resources Inc. now owns 245,110 shares of the company’s stock worth $6,564,000 after acquiring an additional 30,831 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Americold Realty Trust by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 1,272,052 shares of the company’s stock worth $35,961,000 after purchasing an additional 48,525 shares during the period. Finally, Foresight Group Ltd Liability Partnership lifted its holdings in shares of Americold Realty Trust by 19.5% during the fourth 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 during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $21.84 on Friday. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of -21.62, a PEG ratio of 1.66 and a beta of 0.61. Americold Realty Trust has a one year low of $20.41 and a one year high of $30.45. The company’s 50-day simple moving average is $22.11 and its 200-day simple moving average is $25.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The firm had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. Equities analysts anticipate that Americold Realty Trust will post 1.37 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.03%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s payout ratio is currently -87.13%.

About Americold Realty Trust

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.