Brokerages Set Americold Realty Trust, Inc. (NYSE:COLD) Price Target at $31.18

Americold Realty Trust, Inc. (NYSE:COLD) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Two 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 updated their coverage on the stock in the last year is $30.91.

Several equities analysts recently weighed in on COLD shares. Barclays increased their target price on Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Evercore ISI raised their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Truist Financial boosted their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 16th. Wells Fargo & Company increased their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Scotiabank boosted their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th.

Americold Realty Trust Stock Performance

Shares of NYSE COLD opened at $22.81 on Tuesday. The company has a 50-day simple moving average of $27.23 and a 200-day simple moving average of $26.88. 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 company has a market cap of $6.48 billion, a PE ratio of -22.58, a price-to-earnings-growth ratio of 1.50 and a beta of 0.61. Americold Realty Trust has a 12 month low of $21.87 and a 12 month high of $30.92.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 7.98% and a negative net margin of 10.63%. The firm had revenue of $674.17 million during the quarter, compared to analysts’ expectations of $663.87 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Americold Realty Trust will post 1.39 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 3.86%. Americold Realty Trust’s dividend payout ratio (DPR) is -87.13%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Americold Realty Trust by 2.9% in the first quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock valued at $982,509,000 after buying an additional 1,095,116 shares in the last quarter. Principal Financial Group Inc. grew its position in Americold Realty Trust by 30.8% in the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after acquiring an additional 3,602,337 shares in the last quarter. Darlington Partners Capital Management LP raised its stake in shares of Americold Realty Trust by 15.1% during the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after purchasing an additional 1,183,571 shares during the period. PGGM Investments acquired a new position in shares of Americold Realty Trust during the second quarter worth $114,436,000. Finally, Long Pond Capital LP boosted its stake in shares of Americold Realty Trust by 2.9% in the second quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock valued at $112,001,000 after purchasing an additional 123,440 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.