Americold Realty Trust Inc. (NYSE:COLD) Given Consensus Rating of “Moderate Buy” by Analysts

Americold Realty Trust Inc. (NYSE:COLD) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $24.00.

Several equities analysts recently issued reports on the stock. Citigroup reduced their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Barclays raised Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $26.00 to $21.00 in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lowered Americold Realty Trust from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $24.00 to $21.00 in a research report on Monday, June 23rd. Robert W. Baird reduced their price target on Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, May 16th. Finally, Wells Fargo & Company lowered their price objective on Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th.

Insider Activity

In other news, CEO George F. Jr. Chappelle bought 110,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the acquisition, the chief executive officer owned 110,000 shares of the company’s stock, valued at approximately $1,978,900. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jay Wells bought 10,000 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the purchase, the chief financial officer owned 10,000 shares of the company’s stock, valued at approximately $179,100. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is owned by insiders.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Cohen & Steers Inc. lifted its position in Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock valued at $617,085,000 after acquiring an additional 4,049,374 shares in the last quarter. Norges Bank bought a new position in shares of Americold Realty Trust during the fourth quarter valued at $478,674,000. Principal Financial Group Inc. lifted its holdings in shares of Americold Realty Trust by 7.8% during the first quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company’s stock valued at $347,167,000 after purchasing an additional 1,169,063 shares in the last quarter. FMR LLC boosted its position in shares of Americold Realty Trust by 0.9% during the fourth quarter. FMR LLC now owns 13,382,883 shares of the company’s stock valued at $286,394,000 after buying an additional 121,452 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its holdings in Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock worth $136,698,000 after buying an additional 3,427,083 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

COLD opened at $16.34 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market capitalization of $4.65 billion, a PE ratio of -38.00, a price-to-earnings-growth ratio of 2.46 and a beta of 0.84. The stock’s 50 day moving average price is $16.95 and its 200-day moving average price is $19.59. Americold Realty Trust has a 52-week low of $16.06 and a 52-week high of $30.45.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. The company had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. During the same quarter last year, the firm earned $0.37 EPS. The business’s revenue was down 5.4% on a year-over-year basis. On average, equities research analysts predict that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.23 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.63%. Americold Realty Trust’s dividend payout ratio is currently -213.95%.

Americold Realty Trust Company Profile

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.