Americold Realty Trust, Inc. (NYSE:COLD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $29.17.

Several research analysts have recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada cut their price target on shares of 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 dropped their price objective on 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 cut their target price on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. Finally, Truist Financial lowered their price target 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.

Americold Realty Trust Stock Performance

Shares of COLD opened at $21.43 on Wednesday. Americold Realty Trust has a 1 year low of $20.98 and a 1 year high of $30.59. The company’s 50 day simple moving average is $23.89 and its 200 day simple moving average is $26.48. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of -21.22, a PEG ratio of 1.80 and a beta of 0.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The business had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. On average, sell-side analysts predict that Americold Realty Trust will post 1.38 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.11%. The ex-dividend date is Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Insider Buying and Selling at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the sale, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Americold Realty Trust

Hedge funds have recently bought and sold shares of the business. Assetmark Inc. boosted its stake in shares of Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after buying an additional 961 shares during the last quarter. GAMMA Investing LLC boosted its stake in Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after acquiring an additional 735 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in Americold Realty Trust during the 3rd quarter worth $55,000. Signaturefd LLC increased its position in shares of Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after purchasing an additional 740 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

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.