Americold Realty Trust Inc. (NYSE:COLD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Americold Realty Trust Inc. (NYSE:COLD) have been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.42.

Several equities research analysts have weighed in on the stock. Scotiabank restated a “sector perform” rating and issued a $20.00 price objective on shares of Americold Realty Trust in a research report on Thursday, May 15th. Citigroup lowered their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Wells Fargo & Company dropped their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $26.00 to $21.00 in a research report on Wednesday, April 9th. Finally, BNP Paribas Exane downgraded Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Thursday, June 12th.

Insider Transactions at Americold Realty Trust

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

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new position in Americold Realty Trust during the fourth quarter worth about $25,000. GKV Capital Management Co. Inc. acquired a new position in shares of Americold Realty Trust during the 1st quarter worth approximately $36,000. Parallel Advisors LLC grew its position in shares of Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after purchasing an additional 847 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after purchasing an additional 826 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Americold Realty Trust by 1,081.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after purchasing an additional 2,033 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Trading Up 0.4%

Shares of COLD opened at $16.81 on Wednesday. The stock’s 50-day moving average price is $18.16 and its 200 day moving average price is $20.43. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of -39.09, a P/E/G ratio of 1.58 and a beta of 0.84. Americold Realty Trust has a 12-month low of $16.11 and a 12-month high of $30.45.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. The business had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. During the same quarter in the prior year, the company posted $0.37 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, research analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 5.47%. The ex-dividend date is Monday, June 30th. Americold Realty Trust’s dividend payout ratio (DPR) is -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.