Americold Realty Trust Inc. (NYSE:COLD) Receives $23.92 Consensus Price Target from Analysts

Americold Realty Trust Inc. (NYSE:COLD) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $23.9167.

Several brokerages recently commented on COLD. Wells Fargo & Company decreased 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. Scotiabank reaffirmed 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. Robert W. Baird decreased their price objective on shares of Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $24.00 to $21.00 in a research report on Monday, June 23rd. Finally, BNP Paribas Exane lowered shares of Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 price target for the company. in a research report on Thursday, June 12th.

Insider Buying and Selling

In other news, CFO Jay Wells acquired 10,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $17.91 per share, with a total value of $179,100.00. Following the purchase, the chief financial officer directly owned 10,000 shares of the company’s stock, valued at $179,100. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George F. Jr. Chappelle acquired 110,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were 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 directly owned 110,000 shares in the company, valued at approximately $1,978,900. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Creative Planning grew its stake in Americold Realty Trust by 25.8% in the 2nd quarter. Creative Planning now owns 58,573 shares of the company’s stock valued at $974,000 after acquiring an additional 12,004 shares during the period. SG Americas Securities LLC grew its stake in Americold Realty Trust by 32.6% in the 2nd quarter. SG Americas Securities LLC now owns 86,638 shares of the company’s stock valued at $1,441,000 after acquiring an additional 21,315 shares during the period. Police & Firemen s Retirement System of New Jersey grew its stake in Americold Realty Trust by 5.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 107,984 shares of the company’s stock valued at $1,796,000 after acquiring an additional 5,345 shares during the period. PNC Financial Services Group Inc. grew its stake in Americold Realty Trust by 110.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,328 shares of the company’s stock valued at $122,000 after acquiring an additional 3,838 shares during the period. Finally, M&G PLC acquired a new stake in Americold Realty Trust in the 2nd quarter valued at $198,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock opened at $14.56 on Thursday. The firm has a market capitalization of $4.15 billion, a P/E ratio of -76.63, a PEG ratio of 2.20 and a beta of 0.81. 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 company has a 50 day moving average price of $16.58 and a 200 day moving average price of $19.00. Americold Realty Trust has a 52 week low of $14.53 and a 52 week high of $29.79.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.66%. Americold Realty Trust’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS. Sell-side analysts expect that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.3%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -484.21%.

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.