Americold Realty Trust, Inc. (NYSE:COLD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

A number of research analysts have recently commented on the company. Scotiabank cut their price target on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a report on Tuesday, December 10th. Raymond James cut their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Barclays decreased their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Truist Financial dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Finally, Citigroup reduced their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the transaction, the senior vice president now owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by insiders.

Institutional Trading of Americold Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC acquired a new position in Americold Realty Trust during the 2nd quarter worth about $236,000. Bank of New York Mellon Corp lifted its position in shares of Americold Realty Trust by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 1,259,657 shares of the company’s stock worth $32,172,000 after purchasing an additional 80,589 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Americold Realty Trust by 8.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 15,022 shares of the company’s stock valued at $384,000 after purchasing an additional 1,150 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Americold Realty Trust by 8.4% in the second quarter. HB Wealth Management LLC now owns 22,897 shares of the company’s stock valued at $585,000 after purchasing an additional 1,784 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Americold Realty Trust by 2.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,320 shares of the company’s stock worth $4,580,000 after purchasing an additional 4,848 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Stock Performance

COLD opened at $21.40 on Wednesday. The stock has a 50-day moving average of $23.26 and a 200-day moving average of $26.29. 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 52-week low of $20.98 and a 52-week high of $30.59. The company has a market cap of $6.08 billion, a PE ratio of -21.19, a price-to-earnings-growth ratio of 1.80 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The company had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS. As a group, equities research analysts forecast that Americold Realty Trust will post 1.38 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.22 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 4.11%. Americold Realty Trust’s dividend payout ratio is presently -87.13%.

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.