Analysts Set Americold Realty Trust, Inc. (NYSE:COLD) Price Target at $28.82

Americold Realty Trust, Inc. (NYSE:COLD) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $28.82.

A number of analysts recently weighed in on COLD shares. Raymond James decreased their price objective on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Citigroup decreased their price target on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Finally, Scotiabank lifted their price objective 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 Trading Down 4.9 %

Shares of COLD stock opened at $17.48 on Friday. Americold Realty Trust has a twelve month low of $17.27 and a twelve month high of $30.45. The stock’s fifty day simple moving average is $21.49 and its 200 day simple moving average is $23.02. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.97 billion, a P/E ratio of -51.40, a P/E/G ratio of 1.66 and a beta of 0.77.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.27. The company had revenue of $666.44 million for the quarter, compared to analysts’ expectations 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, sell-side analysts predict that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

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

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in COLD. Y Intercept Hong Kong Ltd lifted its stake in Americold Realty Trust by 139.3% during 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 in the last quarter. Bank of New York Mellon Corp increased its position in shares of Americold Realty Trust by 2.5% during 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 last quarter. Charles Schwab Investment Management Inc. boosted its position in Americold Realty Trust by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company’s stock worth $88,932,000 after purchasing an additional 255,632 shares during the last quarter. AGF Management Ltd. bought a new position in Americold Realty Trust in the 4th quarter valued at $2,326,000. Finally, TCW Group Inc. increased its position in shares of 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 purchasing an additional 14,386 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.