Americold Realty Trust, Inc. (NYSE:COLD) Receives Consensus Rating of “Moderate Buy” from Analysts

Americold Realty Trust, Inc. (NYSE:COLD) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $29.17.

COLD has been the topic of a number of recent analyst reports. Raymond James cut their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Royal Bank of Canada cut their target price on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Barclays decreased their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Citigroup dropped their price objective 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. Finally, Truist Financial decreased their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the transaction, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Institutional Trading of Americold Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. boosted its holdings in Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after buying an additional 961 shares during the period. GAMMA Investing LLC grew its position in shares of Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in Americold Realty Trust during the 3rd quarter valued at approximately $55,000. Blue Trust Inc. lifted its holdings in Americold Realty Trust by 29.5% in the 3rd quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock worth $110,000 after purchasing an additional 883 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Americold Realty Trust in the 3rd quarter worth approximately $128,000. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Stock Down 0.4 %

Shares of NYSE:COLD opened at $21.71 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $22.11 and a two-hundred day simple moving average of $25.74. Americold Realty Trust has a 12-month low of $20.41 and a 12-month high of $30.45. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of -21.49, a PEG ratio of 1.60 and a beta of 0.61.

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

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s payout ratio is -87.13%.

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.