Analysts Set Americold Realty Trust, Inc. (NYSE:COLD) Price Target at $26.09

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $26.09.

COLD has been the topic of several research analyst reports. Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Wells Fargo & Company cut their price objective on 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. Robert W. Baird dropped their price objective on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Scotiabank reiterated a "sector perform" rating and set a $20.00 target price on shares of Americold Realty Trust in a research report on Thursday, May 15th. Finally, Citigroup dropped their target price on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, March 21st.

Insider Transactions at Americold Realty Trust

In other Americold Realty Trust news, CFO Jay Wells bought 10,000 shares of Americold Realty Trust stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the purchase, the chief financial officer now owns 10,000 shares of the company's stock, valued at $179,100. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the purchase, the chief executive officer now owns 110,000 shares of the company's stock, valued at $1,978,900. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Americold Realty Trust

Large investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. grew its position in shares of Americold Realty Trust by 16.3% during the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock valued at $617,085,000 after purchasing an additional 4,049,374 shares in the last quarter. Norges Bank bought a new position in Americold Realty Trust during the fourth quarter valued at approximately $478,674,000. Principal Financial Group Inc. raised its position in Americold Realty Trust by 7.8% in the first quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company's stock worth $347,167,000 after acquiring an additional 1,169,063 shares during the period. FMR LLC raised its position in shares of Americold Realty Trust by 0.9% during the 4th quarter. FMR LLC now owns 13,382,883 shares of the company's stock valued at $286,394,000 after purchasing an additional 121,452 shares during the period. Finally, Alyeska Investment Group L.P. grew its stake in Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after acquiring an additional 3,427,083 shares in the last quarter. Institutional investors own 98.14% of the company's stock.

Americold Realty Trust Trading Up 2.6%

COLD traded up $0.43 during trading on Friday, hitting $16.74. 5,442,912 shares of the company's stock were exchanged, compared to its average volume of 2,293,073. The stock has a 50 day moving average price of $19.01 and a 200 day moving average price of $20.97. Americold Realty Trust has a 1 year low of $16.29 and a 1 year high of $30.45. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.77 billion, a P/E ratio of -49.23, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The company's revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. As a group, analysts expect that Americold Realty Trust will post 1.47 EPS for the current fiscal 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 issued a $0.23 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.50%. Americold Realty Trust's payout ratio is currently -213.95%.

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.