Americold Realty Trust (NYSE:COLD) Given New $28.00 Price Target at Scotiabank

Americold Realty Trust (NYSE:COLD) had its target price raised by Scotiabank from $27.00 to $28.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a sector outperform rating on the stock.

A number of other analysts have also commented on COLD. Royal Bank of Canada decreased their target price on 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. Barclays decreased their target price on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Truist Financial decreased their price objective on 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 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. Finally, Citigroup decreased their price objective on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Americold Realty Trust Stock Down 3.7 %

Shares of COLD opened at $21.85 on Monday. The stock’s 50-day moving average price is $21.74 and its two-hundred day moving average price is $24.28. Americold Realty Trust has a 12 month low of $20.41 and a 12 month high of $30.45. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $6.21 billion, a PE ratio of -64.27, a PEG ratio of 1.66 and a beta of 0.57.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data 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. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. On average, analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 4.03%. Americold Realty Trust’s payout ratio is -258.82%.

Institutional Investors Weigh In On Americold Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. raised its holdings in 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 acquiring an additional 961 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Americold Realty Trust in the fourth quarter worth $25,000. Loomis Sayles & Co. L P bought a new position in shares of Americold Realty Trust in the third quarter worth $55,000. Venturi Wealth Management LLC increased its holdings in shares of Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after purchasing an additional 2,033 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Americold Realty Trust in the fourth quarter worth $86,000. Institutional investors own 98.14% of the company’s stock.

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.