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

Key Points

• Americold Realty Trust Inc. has received a consensus rating of "Moderate Buy" from eleven research firms, with an average price target of $20.45.
• Recent price target adjustments include reductions from firms such as Robert W. Baird, Wells Fargo, and BNP Paribas Exane, reflecting a cautious outlook on the stock.
• The company recently reported $0.36 earnings per share, surpassing analyst expectations of $0.34, although its revenue was down 1.5% year-over-year.

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) has earned an average rating of "Moderate Buy" from the eleven brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $20.4545.

COLD has been the topic of a number of research analyst reports. KeyCorp dropped their target price on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Truist Financial dropped their price objective on shares of Americold Realty Trust from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Wells Fargo & Company lowered their target price on shares of Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Barclays lowered their price objective on shares of 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. Finally, Wall Street Zen upgraded shares of Americold Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th.

Americold Realty Trust Price Performance

Americold Realty Trust stock traded up $0.03 during mid-day trading on Monday, hitting $13.91. The stock had a trading volume of 3,287,002 shares, compared to its average volume of 3,056,063. The firm has a market capitalization of $3.96 billion, a P/E ratio of -73.08, a P/E/G ratio of 4.47 and a beta of 0.84. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The firm's 50 day moving average is $15.73 and its 200 day moving average is $18.13. Americold Realty Trust has a one year low of $13.73 and a one year high of $29.58.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $650.75 million during the quarter, compared to the consensus estimate of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The business's revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, sell-side analysts forecast that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 6.6%. Americold Realty Trust's payout ratio is -484.21%.

Institutional Trading of Americold Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of COLD. Raymond James Financial Inc. acquired a new position in Americold Realty Trust in the 4th quarter valued at about $980,000. Tower Research Capital LLC TRC lifted its holdings in Americold Realty Trust by 78.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,158 shares of the company's stock worth $239,000 after buying an additional 4,897 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Americold Realty Trust by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 177,609 shares of the company's stock valued at $3,801,000 after purchasing an additional 3,335 shares during the last quarter. Northern Trust Corp increased its position in shares of Americold Realty Trust by 28.2% in the 4th quarter. Northern Trust Corp now owns 2,624,672 shares of the company's stock valued at $56,168,000 after purchasing an additional 577,772 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new position in shares of Americold Realty Trust in the 4th quarter valued at $479,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

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.