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 recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $28.82.

A number of equities research analysts have issued reports on COLD shares. Citigroup lowered their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Raymond James decreased their price objective on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, Scotiabank raised their target price on Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 10th.

Americold Realty Trust Stock Performance

Shares of COLD opened at $17.48 on Friday. Americold Realty Trust has a 1 year low of $17.27 and a 1 year high of $30.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The stock’s fifty day moving average price is $21.49 and its two-hundred day moving average price is $23.02. The firm has a market cap of $4.97 billion, a PE ratio of -51.40, a PEG ratio of 1.66 and a beta of 0.77.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.10 by $0.27. The business had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. On average, equities research analysts forecast that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a $0.23 dividend. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.26%. Americold Realty Trust’s dividend payout ratio is -270.59%.

Institutional Trading of Americold Realty Trust

Several hedge funds have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd lifted its stake in shares of Americold Realty Trust by 139.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock valued at $1,322,000 after acquiring an additional 35,973 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Americold Realty Trust by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company’s stock valued at $26,237,000 after purchasing an additional 29,580 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Americold Realty Trust by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company’s stock valued at $88,932,000 after purchasing an additional 255,632 shares during the period. AGF Management Ltd. bought a new position in shares of Americold Realty Trust in the fourth quarter worth approximately $2,326,000. Finally, TCW Group Inc. raised its holdings in Americold Realty Trust by 21.6% during the 4th quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock valued at $1,731,000 after buying an additional 14,386 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

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.