Americold Realty Trust, Inc. (NYSE:COLD) Given Consensus Recommendation of "Moderate Buy" by Analysts

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $26.09.

Several brokerages have issued reports on COLD. Wells Fargo & Company reduced their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Barclays raised 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. Scotiabank reissued a "sector perform" rating and set a $20.00 price target on shares of Americold Realty Trust in a research report on Thursday, May 15th. Robert W. Baird reduced their price objective on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Finally, Citigroup decreased their price objective on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st.

Insider Buying and Selling

In related news, CEO George F. Jr. Chappelle purchased 110,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the transaction, the chief executive officer now owns 110,000 shares of the company's stock, valued at approximately $1,978,900. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jay Wells bought 10,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $17.91 per share, with a total value of $179,100.00. Following the transaction, the chief financial officer now owns 10,000 shares in the company, 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 currently owned by company insiders.

Hedge Funds Weigh In On Americold Realty Trust

Hedge funds have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd increased its holdings in Americold Realty Trust by 139.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company's stock valued at $1,322,000 after purchasing an additional 35,973 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Americold Realty Trust during the 4th quarter valued at about $980,000. Envestnet Asset Management Inc. raised its holdings in shares of Americold Realty Trust by 7.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock valued at $18,352,000 after buying an additional 57,248 shares during the period. JPMorgan Chase & Co. lifted its position in Americold Realty Trust by 132.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock worth $63,151,000 after acquiring an additional 1,678,949 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Americold Realty Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock worth $26,237,000 after acquiring an additional 29,580 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.

Americold Realty Trust Price Performance

COLD stock traded down $0.30 during midday trading on Friday, hitting $16.82. 3,142,382 shares of the stock were exchanged, compared to its average volume of 2,265,769. The stock's 50-day moving average price is $19.42 and its 200-day moving average price is $21.12. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of -49.47, a PEG ratio of 1.66 and a beta of 0.95. Americold Realty Trust has a fifty-two week low of $16.56 and a fifty-two week high of $30.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The firm had revenue of $628.98 million during the quarter, compared to analysts' expectations of $667.18 million. During the same quarter in the prior year, the business earned $0.37 EPS. The company's quarterly revenue was down 5.4% compared to the same quarter last year. Research analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

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 $0.23 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.92 annualized dividend and a yield of 5.47%. Americold Realty Trust's 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.