Brokerages Set Americold Realty Trust, Inc. (NYSE:COLD) PT at $28.82

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $28.82.

A number of brokerages have recently issued reports on COLD. Citigroup lowered their price objective on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Scotiabank raised their price target on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a "sector outperform" rating in a report on Monday, March 10th. Finally, Raymond James reduced their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of COLD. Brown Brothers Harriman & Co. bought a new position in shares of Americold Realty Trust during the 4th quarter worth about $25,000. Parallel Advisors LLC boosted its holdings in Americold Realty Trust by 68.1% in the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after acquiring an additional 847 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock worth $48,000 after acquiring an additional 2,033 shares in the last quarter. Vestcor Inc acquired a new stake in Americold Realty Trust in the fourth quarter valued at approximately $86,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Americold Realty Trust during the fourth quarter valued at approximately $86,000. 98.14% of the stock is owned by institutional investors.

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Americold Realty Trust Trading Down 0.8 %

NYSE COLD traded down $0.14 on Friday, hitting $18.24. The company's stock had a trading volume of 782,629 shares, compared to its average volume of 2,156,173. The company's 50-day moving average is $21.67 and its 200 day moving average is $23.14. The firm has a market cap of $5.19 billion, a PE ratio of -53.63, a PEG ratio of 1.66 and a beta of 0.77. Americold Realty Trust has a 1-year low of $17.84 and a 1-year high of $30.45. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.27. The business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. As a group, analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 5.04%. Americold Realty Trust's dividend payout ratio is currently -270.59%.

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.