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

Americold Realty Trust, Inc. (NYSE:COLD) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $29.17.

A number of analysts have recently weighed in on COLD shares. Truist Financial cut their price target 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. Raymond James cut their price target 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. Scotiabank lowered their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research report on Tuesday, December 10th. Citigroup lowered their price objective on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada lowered their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th.

Americold Realty Trust Stock Performance

NYSE COLD opened at $22.30 on Friday. 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 company has a market capitalization of $6.34 billion, a P/E ratio of -22.08, a P/E/G ratio of 1.59 and a beta of 0.61. Americold Realty Trust has a 12-month low of $20.41 and a 12-month high of $30.45. The firm has a 50-day moving average price of $22.13 and a two-hundred day moving average price of $25.85.

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). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. During the same period last year, the company posted $0.32 EPS. The business’s revenue was up .9% on a year-over-year basis. Analysts anticipate that Americold Realty Trust will post 1.38 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.95%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is currently -87.13%.

Insider Buying and Selling at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value 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. This represents a 49.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors have recently modified their holdings of COLD. Fifth Third Bancorp boosted its stake in Americold Realty Trust by 33.4% during the fourth quarter. Fifth Third Bancorp now owns 65,917 shares of the company’s stock worth $1,411,000 after acquiring an additional 16,511 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Americold Realty Trust during the fourth quarter worth $702,000. SG Americas Securities LLC boosted its stake in Americold Realty Trust by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 53,236 shares of the company’s stock worth $1,139,000 after acquiring an additional 17,295 shares in the last quarter. Foresight Group Ltd Liability Partnership boosted its stake in Americold Realty Trust by 19.5% during the fourth quarter. Foresight Group Ltd Liability Partnership now owns 87,860 shares of the company’s stock worth $1,864,000 after acquiring an additional 14,320 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its stake in Americold Realty Trust by 34.5% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 24,310 shares of the company’s stock worth $520,000 after acquiring an additional 6,236 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Company Profile

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.