Brokerages Set Americold Realty Trust, Inc. (NYSE:COLD) PT at $28.82

Americold Realty Trust, Inc. (NYSE:COLD) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating 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.

Several equities research analysts recently commented on COLD shares. Citigroup cut their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Raymond James reduced 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 research report on Wednesday, December 11th. 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 report on Monday, March 10th.

Americold Realty Trust Trading Down 5.0 %

Shares of Americold Realty Trust stock opened at $19.37 on Friday. The firm has a 50-day simple moving average of $21.75 and a two-hundred day simple moving average of $23.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. Americold Realty Trust has a fifty-two week low of $18.83 and a fifty-two week high of $30.45. The company has a market cap of $5.51 billion, a P/E ratio of -56.95, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.27. The firm had revenue of $666.44 million during the quarter, compared to analyst estimates 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, equities analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio (DPR) is currently -270.59%.

Hedge Funds Weigh In On Americold Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new position in shares of Americold Realty Trust during the 4th quarter worth $25,000. Venturi Wealth Management LLC increased its position in Americold Realty Trust by 1,081.4% during 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 last quarter. Vestcor Inc purchased a new position in Americold Realty Trust during the fourth quarter worth about $86,000. Aster Capital Management DIFC Ltd acquired a new position in Americold Realty Trust in the 4th quarter valued at about $86,000. Finally, Headlands Technologies LLC grew its stake in shares of Americold Realty Trust by 2,681.3% in the 4th quarter. Headlands Technologies LLC now owns 4,311 shares of the company’s stock valued at $92,000 after buying an additional 4,156 shares during the period. 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.