Brokerages Set Americold Realty Trust, Inc. (NYSE:COLD) PT at $31.18

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $31.18.

A number of research analysts recently weighed in on COLD shares. Evercore ISI increased their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Scotiabank lifted their target price on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Barclays boosted their price objective on Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Robert W. Baird boosted their price objective on shares of Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company raised 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.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in COLD. Capital Insight Partners LLC lifted its position in Americold Realty Trust by 2.6% during the second quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock valued at $390,000 after acquiring an additional 380 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Americold Realty Trust by 2.3% during the second quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock worth $443,000 after purchasing an additional 390 shares in the last quarter. Signaturefd LLC increased its position in shares of Americold Realty Trust by 17.3% during the third quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after purchasing an additional 689 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Americold Realty Trust by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock valued at $2,089,000 after purchasing an additional 700 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Americold Realty Trust by 189.9% in the 3rd 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. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Stock Performance

Shares of NYSE COLD opened at $23.15 on Tuesday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. Americold Realty Trust has a 1-year low of $21.87 and a 1-year high of $30.92. The stock’s 50-day moving average is $27.48 and its 200 day moving average is $26.82. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of -22.92, a P/E/G ratio of 1.71 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results 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). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The business had revenue of $660.96 million for the quarter, compared to analysts’ expectations of $653.74 million. During the same period last year, the business earned $0.28 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts anticipate that Americold Realty Trust will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.80%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s payout ratio is -87.13%.

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.