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

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

Several equities research analysts recently weighed in on COLD shares. JPMorgan Chase & Co. upgraded shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research note on Wednesday, June 26th. Evercore ISI raised their price target on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Scotiabank upped their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Robert W. Baird increased their target price on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Monday, July 1st.

Americold Realty Trust Stock Performance

Shares of COLD opened at $28.38 on Monday. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of -24.26, a PEG ratio of 1.99 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. The business’s 50 day moving average is $28.96 and its two-hundred day moving average is $26.30. Americold Realty Trust has a 52-week low of $21.87 and a 52-week high of $32.34.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share 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 company had revenue of $660.96 million during the quarter, compared to the consensus estimate of $653.74 million. During the same period in the previous year, the firm posted $0.28 EPS. Americold Realty Trust’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts forecast that Americold Realty Trust will post 1.35 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Monday, September 30th. Americold Realty Trust’s payout ratio is -75.21%.

Institutional Trading of Americold Realty Trust

A number of hedge funds have recently bought and sold shares of COLD. Blue Trust Inc. boosted its position in shares of Americold Realty Trust by 2,727.4% in the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after buying an additional 2,891 shares during the period. Principal Securities Inc. acquired a new stake in Americold Realty Trust during the 4th quarter worth about $80,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Americold Realty Trust during the 2nd quarter worth about $85,000. Signaturefd LLC grew its stake in Americold Realty Trust by 22.7% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after acquiring an additional 740 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Americold Realty Trust in the 2nd quarter valued at about $204,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Company Profile

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.