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

Americold Realty Trust, Inc. (NYSE:COLD) has received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $30.91.

A number of equities analysts have recently commented on the stock. Evercore ISI raised their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Monday, July 1st. Barclays reduced their price objective on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Scotiabank raised their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, Wells Fargo & Company raised their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th.

Americold Realty Trust Stock Performance

Shares of COLD opened at $26.85 on Friday. The company’s fifty day moving average is $28.57 and its 200-day moving average is $26.57. Americold Realty Trust has a 12 month low of $21.87 and a 12 month high of $30.92. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of -22.95, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The business had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. During the same quarter last year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts expect that Americold Realty Trust will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, September 30th. Americold Realty Trust’s dividend payout ratio is presently -75.21%.

Institutional Investors Weigh In On Americold Realty Trust

Several institutional investors have recently modified their holdings of COLD. PGGM Investments acquired a new stake in shares of Americold Realty Trust during the 2nd quarter worth approximately $114,436,000. Long Pond Capital LP acquired a new stake in shares of Americold Realty Trust during the 1st quarter worth approximately $106,206,000. Principal Financial Group Inc. grew its position in shares of Americold Realty Trust by 49.6% during the 1st quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock worth $291,526,000 after buying an additional 3,879,632 shares during the period. V3 Capital Management L.P. grew its holdings in Americold Realty Trust by 181.5% during the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock valued at $64,941,000 after purchasing an additional 1,680,275 shares during the period. Finally, Deprince Race & Zollo Inc. grew its holdings in Americold Realty Trust by 2,542.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after purchasing an additional 1,647,522 shares during the period. Institutional investors and hedge funds 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.