Americold Realty Trust Inc. (NYSE:COLD) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Americold Realty Trust has received a consensus rating of "Hold" from thirteen brokerages, with two recommending sell, four hold, and seven buy.
• The average target price set by analysts for Americold Realty Trust is $19.25, although individual targets vary, with JPMorgan's at $15.00 and Royal Bank of Canada's at $19.00.
• The company recently reported a quarterly EPS of $0.36, beating estimates, while revenue was down 1.5% compared to the previous year.

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) has been assigned a consensus recommendation of "Hold" from the thirteen brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $19.25.

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $15.00 target price (down previously from $17.00) on shares of Americold Realty Trust in a research note on Tuesday. Royal Bank Of Canada cut their target price on shares of Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating on the stock in a research note on Monday, August 18th. Wall Street Zen raised shares of Americold Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Scotiabank dropped their price objective on shares of Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, September 5th. Finally, Zacks Research lowered shares of Americold Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 9th.

Americold Realty Trust Price Performance

COLD stock opened at $12.16 on Friday. The firm's 50-day moving average price is $14.66 and its two-hundred day moving average price is $17.15. Americold Realty Trust has a 12-month low of $12.14 and a 12-month high of $29.04. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of -63.99, a PEG ratio of 3.91 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.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm had revenue of $650.75 million for the quarter, compared to analysts' expectations of $644.95 million. During the same quarter in the previous year, the company earned $0.38 earnings per share. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Tuesday, September 30th. Americold Realty Trust's dividend payout ratio is currently -484.21%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Xponance Inc. lifted its stake in shares of Americold Realty Trust by 4.5% in the first quarter. Xponance Inc. now owns 13,561 shares of the company's stock worth $291,000 after buying an additional 581 shares in the last quarter. Janney Capital Management LLC lifted its stake in shares of Americold Realty Trust by 5.5% in the first quarter. Janney Capital Management LLC now owns 11,913 shares of the company's stock worth $256,000 after buying an additional 618 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of Americold Realty Trust by 7.3% in the second quarter. AlphaQuest LLC now owns 9,334 shares of the company's stock worth $155,000 after buying an additional 633 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Americold Realty Trust by 1.9% in the second quarter. Janney Montgomery Scott LLC now owns 33,568 shares of the company's stock worth $558,000 after buying an additional 634 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Americold Realty Trust by 16.9% in the first quarter. Signaturefd LLC now owns 4,431 shares of the company's stock worth $95,000 after buying an additional 640 shares in the last quarter. Institutional investors own 98.14% of the company's stock.

About Americold Realty Trust

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.

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