According to Zacks, “Americold Realty Trust is a real estate investment trust. It owns and operates temperature-controlled warehouses. The company operates primarily in the United States, Australia, New Zealand, Argentina and Canada. Americold Realty Trust is based in Atlanta, Georgia. “
A number of other equities research analysts also recently commented on the stock. Royal Bank of Canada dropped their price objective on shares of Americold Realty Trust from $36.00 to $34.00 and set an outperform rating on the stock in a research report on Wednesday, March 2nd. TheStreet cut shares of Americold Realty Trust from a c- rating to a d+ rating in a report on Thursday, March 17th. Wolfe Research began coverage on shares of Americold Realty Trust in a report on Monday, January 3rd. They issued a market perform rating and a $37.00 target price for the company. Evercore ISI began coverage on shares of Americold Realty Trust in a report on Thursday, January 20th. They issued an outperform rating and a $34.00 target price for the company. Finally, Bank of America cut shares of Americold Realty Trust from a buy rating to an underperform rating and lowered their target price for the company from $35.00 to $30.00 in a report on Wednesday, January 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $35.36.
Americold Realty Trust (NYSE:COLD – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.09). Americold Realty Trust had a negative net margin of 1.12% and a negative return on equity of 0.78%. The firm had revenue of $716.50 million during the quarter, compared to analysts’ expectations of $722.10 million. During the same period in the prior year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. Research analysts forecast that Americold Realty Trust will post 0.94 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a $0.22 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.18%. Americold Realty Trust’s dividend payout ratio is presently -733.27%.
In other news, insider Thomas C. Novosel sold 9,000 shares of the stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $27.52, for a total value of $247,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.27% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Squarepoint Ops LLC increased its holdings in Americold Realty Trust by 1.9% during the 4th quarter. Squarepoint Ops LLC now owns 22,994 shares of the company’s stock valued at $754,000 after acquiring an additional 432 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Americold Realty Trust by 17.0% during the 4th quarter. Harbour Investments Inc. now owns 3,083 shares of the company’s stock worth $101,000 after purchasing an additional 449 shares during the last quarter. Utah Retirement Systems boosted its stake in shares of Americold Realty Trust by 3.8% during the 3rd quarter. Utah Retirement Systems now owns 13,560 shares of the company’s stock worth $394,000 after purchasing an additional 500 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Americold Realty Trust by 8.4% during the 3rd quarter. Personal CFO Solutions LLC now owns 7,141 shares of the company’s stock worth $207,000 after purchasing an additional 553 shares during the last quarter. Finally, Private Capital Group LLC boosted its stake in shares of Americold Realty Trust by 75.3% during the 1st quarter. Private Capital Group LLC now owns 1,304 shares of the company’s stock worth $37,000 after purchasing an additional 560 shares during the last quarter.
About Americold Realty Trust (Get Rating)
Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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