Americold Realty Trust, Inc. (NYSE:COLD) Receives $29.17 Consensus Price Target from Analysts

Americold Realty Trust, Inc. (NYSE:COLD) has been given an average rating of “Moderate Buy” by the twelve brokerages that are covering the company, MarketBeat Ratings 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 $29.25.

A number of equities analysts have commented on COLD shares. Citigroup reduced their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Barclays reduced their target price 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. Scotiabank boosted their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a report on Monday, March 10th. Raymond James reduced their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Finally, Truist Financial reduced their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, December 5th.

Institutional Investors Weigh In On Americold Realty Trust

Large investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted 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 valued at $39,936,000 after buying an additional 123,776 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in Americold Realty Trust by 139.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock valued at $1,322,000 after buying an additional 35,973 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Americold Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after buying an additional 165,667 shares during the last quarter. TCW Group Inc. lifted its holdings in Americold Realty Trust by 21.6% in the fourth quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock valued at $1,731,000 after acquiring an additional 14,386 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings 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 acquiring an additional 29,580 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

COLD stock opened at $21.39 on Monday. 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 business has a 50-day moving average price of $21.73 and a 200 day moving average price of $24.00. The company has a market capitalization of $6.08 billion, a P/E ratio of -62.90, a PEG ratio of 1.66 and a beta of 0.57. Americold Realty Trust has a 1-year low of $20.41 and a 1-year high of $30.45.

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

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.12%. Americold Realty Trust’s payout ratio is -258.82%.

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.