Americold Realty Trust Inc. (NYSE:COLD) Receives $24.00 Consensus PT from Brokerages

Shares of Americold Realty Trust Inc. (NYSE:COLD) have received an average rating of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $24.00.

COLD has been the subject of a number of research reports. BNP Paribas Exane lowered Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 price target for the company. in a research note on Thursday, June 12th. KeyCorp dropped their price target on Americold Realty Trust from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, July 1st. Wells Fargo & Company dropped their price target on Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. Robert W. Baird dropped their price target on Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Finally, Barclays raised Americold Realty Trust from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th.

Americold Realty Trust Stock Performance

NYSE COLD opened at $16.21 on Friday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of -37.70, a price-to-earnings-growth ratio of 2.48 and a beta of 0.84. 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 business has a 50-day moving average price of $17.01 and a 200-day moving average price of $19.65. Americold Realty Trust has a twelve month low of $16.06 and a twelve month high of $30.45.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data 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). The business had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the company earned $0.37 EPS. As a group, equities research analysts predict that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.23 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.68%. Americold Realty Trust’s payout ratio is -213.95%.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, CFO Jay Wells purchased 10,000 shares of Americold Realty Trust stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the acquisition, the chief financial officer owned 10,000 shares in the company, valued at $179,100. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George F. Jr. Chappelle acquired 110,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the purchase, the chief executive officer owned 110,000 shares of the company’s stock, valued at $1,978,900. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Seven Post Investment Office LP bought a new stake in Americold Realty Trust during the 2nd quarter valued at $9,244,000. Public Employees Retirement System of Ohio boosted its position in Americold Realty Trust by 1.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 465,993 shares of the company’s stock valued at $7,749,000 after acquiring an additional 7,055 shares in the last quarter. Bfsg LLC boosted its position in Americold Realty Trust by 77.3% during the 2nd quarter. Bfsg LLC now owns 12,608 shares of the company’s stock valued at $210,000 after acquiring an additional 5,498 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Americold Realty Trust during the 2nd quarter valued at $313,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Americold Realty Trust by 26.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 20,993 shares of the company’s stock valued at $354,000 after acquiring an additional 4,406 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

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.