Analysts Set Americold Realty Trust, Inc. (NYSE:COLD) Target Price at $30.91

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.91.

Several research firms have recently weighed in on COLD. Barclays cut their price target on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Robert W. Baird increased their price target on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Truist Financial increased their price target on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company increased their price target on 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, JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Wednesday, June 26th.

Americold Realty Trust Stock Down 0.1 %

Shares of NYSE:COLD opened at $28.28 on Monday. The company has a market capitalization of $8.03 billion, a PE ratio of -24.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60. 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 business has a fifty day moving average price of $28.91 and a two-hundred day moving average price of $26.27. Americold Realty Trust has a 1 year low of $21.87 and a 1 year high of $33.24.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). The business had revenue of $660.96 million during the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. Analysts forecast that Americold Realty Trust will post 1.35 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.11%. Americold Realty Trust’s payout ratio is currently -75.21%.

Institutional Trading of Americold Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in shares of Americold Realty Trust in the 2nd quarter valued at about $720,000. Quarry LP raised its holdings in shares of Americold Realty Trust by 1,206.8% in the 2nd quarter. Quarry LP now owns 8,599 shares of the company’s stock valued at $220,000 after acquiring an additional 7,941 shares in the last quarter. Creative Planning purchased a new stake in shares of Americold Realty Trust in the 2nd quarter valued at about $462,000. Algert Global LLC raised its holdings in shares of Americold Realty Trust by 140.4% in the 2nd quarter. Algert Global LLC now owns 398,616 shares of the company’s stock valued at $10,181,000 after acquiring an additional 232,782 shares in the last quarter. Finally, Scientech Research LLC raised its holdings in shares of Americold Realty Trust by 218.1% during the 2nd quarter. Scientech Research LLC now owns 30,096 shares of the company’s stock valued at $769,000 after buying an additional 20,634 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.