Brokerages Set Americold Realty Trust Inc. (NYSE:COLD) Price Target at $24.00

Americold Realty Trust Inc. (NYSE:COLD) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.00.

A number of analysts have recently weighed in on the company. Scotiabank reissued a “sector perform” rating and issued a $20.00 price objective on shares of Americold Realty Trust in a research report on Thursday, May 15th. Wells Fargo & Company reduced their target price on Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. JPMorgan Chase & Co. lowered Americold Realty Trust from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Finally, BNP Paribas Exane lowered Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 target price for the company. in a research note on Thursday, June 12th.

Insider Activity

In other Americold Realty Trust news, CFO Jay Wells purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the purchase, the chief financial officer directly owned 10,000 shares in the company, valued at approximately $179,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the purchase, the chief executive officer owned 110,000 shares in the company, valued at $1,978,900. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is owned by insiders.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in Americold Realty Trust in the 4th quarter worth about $478,674,000. Cohen & Steers Inc. boosted its holdings in Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock worth $617,085,000 after buying an additional 4,049,374 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Americold Realty Trust by 649.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock worth $89,247,000 after buying an additional 3,603,716 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock worth $136,698,000 after buying an additional 3,427,083 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Americold Realty Trust by 1,567.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company’s stock worth $63,541,000 after buying an additional 2,783,264 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 0.9%

Americold Realty Trust stock opened at $16.21 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -37.70, a PEG ratio of 2.48 and a beta of 0.84. Americold Realty Trust has a 1-year low of $16.06 and a 1-year high of $30.45. The business has a fifty day moving average price of $17.01 and a 200-day moving average price of $19.65.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. Equities research analysts forecast that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.23 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.68%. Americold Realty Trust’s dividend payout ratio is presently -213.95%.

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.