Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.67.
Several equities analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Americold Realty Trust to $33.00 in a research note on Monday, August 15th. Bank of America raised shares of Americold Realty Trust from an “underperform” rating to a “neutral” rating and raised their target price for the company from $28.00 to $30.00 in a research note on Thursday, June 2nd. TheStreet raised shares of Americold Realty Trust from a “d+” rating to a “c” rating in a research note on Friday, August 5th. Truist Financial cut their target price on shares of Americold Realty Trust from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, May 31st. Finally, Royal Bank of Canada lowered shares of Americold Realty Trust from an “outperform” rating to a “sector perform” rating and set a $34.00 price objective for the company. in a research report on Monday, August 8th.
Institutional Investors Weigh In On Americold Realty Trust
Several institutional investors have recently made changes to their positions in COLD. Norges Bank bought a new stake in shares of Americold Realty Trust in the 4th quarter worth about $263,910,000. Cohen & Steers Inc. lifted its holdings in shares of Americold Realty Trust by 13.7% in the 1st quarter. Cohen & Steers Inc. now owns 40,846,206 shares of the company’s stock worth $1,138,803,000 after acquiring an additional 4,932,945 shares during the last quarter. Long Pond Capital LP bought a new stake in Americold Realty Trust during the 4th quarter valued at about $128,703,000. Ranger Global Real Estate Advisors LLC lifted its holdings in Americold Realty Trust by 80.6% during the 1st quarter. Ranger Global Real Estate Advisors LLC now owns 5,658,678 shares of the company’s stock valued at $157,764,000 after buying an additional 2,526,069 shares in the last quarter. Finally, Darlington Partners Capital Management LP bought a new stake in Americold Realty Trust during the 4th quarter valued at about $77,475,000.
Americold Realty Trust Stock Performance
Americold Realty Trust (NYSE:COLD – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). The firm had revenue of $729.76 million during the quarter, compared to analysts’ expectations of $715.40 million. Americold Realty Trust had a negative return on equity of 0.41% and a negative net margin of 0.56%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Equities analysts anticipate that Americold Realty Trust will post 0.94 earnings per share for the current fiscal year.
Americold Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.88 annualized dividend and a dividend yield of 2.87%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -1,466.67%.
About Americold Realty Trust
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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