Brokerages Set Americold Realty Trust, Inc. (NYSE:COLD) Price Target at $31.18

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating 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.

Several equities research analysts recently commented on the stock. Scotiabank lifted their price target on shares of 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. Wells Fargo & Company lifted their target price on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Robert W. Baird decreased their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday. Truist Financial lifted their price target on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Barclays increased their price objective on Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, October 28th.

Hedge Funds Weigh In On Americold Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. lifted its stake in shares of Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after acquiring an additional 961 shares during the period. GAMMA Investing LLC raised its holdings in Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares in the last quarter. Blue Trust Inc. lifted its position in Americold Realty Trust by 2,727.4% in the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Americold Realty Trust in the second quarter valued at about $85,000. Finally, Signaturefd LLC boosted its holdings in Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after purchasing an additional 740 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Trading Up 0.2 %

NYSE:COLD opened at $22.81 on Tuesday. Americold Realty Trust has a 1 year low of $21.87 and a 1 year high of $30.92. The stock has a market cap of $6.48 billion, a P/E ratio of -22.58, a P/E/G ratio of 1.50 and a beta of 0.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a 50-day simple moving average of $27.23 and a 200-day simple moving average of $26.88.

Americold Realty Trust (NYSE:COLD) last announced its quarterly 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). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 7.98%. The business had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. During the same period last year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts anticipate that Americold Realty Trust will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) 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.