Americold Realty Trust Inc. (NYSE:COLD) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Americold Realty Trust Inc. has received a consensus recommendation of "Moderate Buy" from twelve brokerage firms, with an average 12-month target price of $23.92.
• Recent reports from analysts have resulted in price target reductions, with Wells Fargo lowering the target from $23.00 to $18.00.
• The company recently announced a quarterly dividend of $0.23 per share, representing an annual yield of 5.7%.

Shares of Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $23.9167.

A number of equities analysts recently commented on the company. Barclays dropped their price target on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. 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 note on Monday, June 23rd. Wall Street Zen raised Americold Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company dropped their price target on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Finally, Robert W. Baird lowered their price objective on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 16th.

Insider Buying and Selling at Americold Realty Trust

In other news, CEO George F. Jr. Chappelle acquired 110,000 shares of Americold Realty Trust stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the acquisition, the chief executive officer directly owned 110,000 shares of the company's stock, valued at $1,978,900. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jay Wells acquired 10,000 shares of Americold Realty Trust stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the acquisition, the chief financial officer directly owned 10,000 shares in the company, valued at $179,100. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Americold Realty Trust during the 4th quarter worth about $980,000. Teacher Retirement System of Texas lifted its position in Americold Realty Trust by 270.7% during the 1st quarter. Teacher Retirement System of Texas now owns 104,330 shares of the company's stock worth $2,239,000 after acquiring an additional 76,183 shares during the period. Chilton Capital Management LLC lifted its position in Americold Realty Trust by 12.1% during the 1st quarter. Chilton Capital Management LLC now owns 553,751 shares of the company's stock worth $11,997,000 after acquiring an additional 59,720 shares during the period. Envestnet Asset Management Inc. lifted its position in Americold Realty Trust by 7.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock worth $18,352,000 after acquiring an additional 57,248 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Americold Realty Trust by 2.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,573,754 shares of the company's stock worth $55,233,000 after acquiring an additional 51,548 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

Shares of NYSE COLD traded down $0.12 during mid-day trading on Thursday, reaching $14.56. The company's stock had a trading volume of 5,139,041 shares, compared to its average volume of 3,840,478. The firm has a market capitalization of $4.15 billion, a PE ratio of -76.63, a P/E/G ratio of 2.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a fifty day moving average of $16.58 and a two-hundred day moving average of $19.02. Americold Realty Trust has a 52 week low of $14.53 and a 52 week high of $29.79.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative return on equity of 1.66% and a negative net margin of 2.09%. The firm had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The business's quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 6.3%. The ex-dividend date was Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is presently -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.