Americold Realty Trust Inc. (NYSE:COLD) Receives $24.00 Average Price Target from Analysts

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $24.00.

Several research firms have recently commented on COLD. JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $24.00 to $21.00 in a report on Monday, June 23rd. Wells Fargo & Company reduced their target price on shares of 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. Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Robert W. Baird reduced their target price on shares of 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. Finally, Citigroup reduced their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Friday, March 21st.

Insider Activity at Americold Realty Trust

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

Institutional Trading of Americold Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in COLD. Brown Brothers Harriman & Co. acquired a new stake in shares of Americold Realty Trust during the fourth quarter valued at approximately $25,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Americold Realty Trust during the first quarter valued at approximately $36,000. Parallel Advisors LLC raised its holdings in shares of Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after acquiring an additional 847 shares during the period. Assetmark Inc. raised its holdings in shares of Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after acquiring an additional 826 shares during the period. Finally, Avalon Trust Co acquired a new stake in shares of Americold Realty Trust during the first quarter valued at approximately $49,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Stock Up 0.4%

COLD stock traded up $0.07 during mid-day trading on Friday, hitting $16.63. 3,146,719 shares of the company were exchanged, compared to its average volume of 2,384,324. The company has a market capitalization of $4.73 billion, a PE ratio of -38.67, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. Americold Realty Trust has a twelve month low of $16.06 and a twelve month high of $30.45. The firm has a fifty day simple moving average of $17.10 and a 200 day simple moving average of $19.72.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings data 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 return on equity of 3.60% and a negative net margin of 4.58%. The company had revenue of $628.98 million for the quarter, compared to analyst estimates of $667.18 million. During the same period in the prior year, the business earned $0.37 earnings per share. Americold Realty Trust's revenue was down 5.4% on a year-over-year basis. On average, research analysts forecast that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Monday, June 30th. Americold Realty Trust's dividend payout ratio 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.