Americold Realty Trust, Inc. (NYSE:COLD) Receives $31.18 Consensus Price Target from Analysts

Shares of Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $31.18.

Several brokerages have issued reports on COLD. Robert W. Baird increased their target price on Americold Realty Trust from $29.00 to $31.00 and gave the company an "outperform" rating in a research report on Friday, August 9th. Truist Financial lifted their price target on Americold Realty Trust from $31.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Evercore ISI lifted their price target on Americold Realty Trust from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Wells Fargo & Company lifted their price target on Americold Realty Trust from $24.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Finally, Barclays lifted their price target on Americold Realty Trust from $25.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. increased its stake in Americold Realty Trust by 9.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company's stock worth $39,936,000 after buying an additional 123,776 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Americold Realty Trust by 139.7% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 126,630 shares of the company's stock valued at $3,580,000 after acquiring an additional 73,792 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company's stock valued at $28,000 after acquiring an additional 961 shares during the last quarter. Easterly Investment Partners LLC raised its holdings in shares of Americold Realty Trust by 174.6% during the third quarter. Easterly Investment Partners LLC now owns 334,081 shares of the company's stock valued at $9,444,000 after acquiring an additional 212,426 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Americold Realty Trust during the third quarter valued at approximately $128,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Americold Realty Trust Trading Up 1.5 %

Shares of NYSE COLD traded up $0.39 during midday trading on Tuesday, hitting $26.20. The company's stock had a trading volume of 1,455,263 shares, compared to its average volume of 2,153,048. The business's 50 day moving average is $27.74 and its two-hundred day moving average is $26.83. The firm has a market cap of $7.44 billion, a P/E ratio of -25.56, a price-to-earnings-growth ratio of 1.68 and a beta of 0.61. Americold Realty Trust has a 12-month low of $21.87 and a 12-month high of $30.92. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.54). The firm had revenue of $660.96 million for the quarter, compared to analysts' expectations of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. As a group, equities research analysts expect that Americold Realty Trust will post 1.39 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.36%. Americold Realty Trust's dividend payout ratio is presently -87.13%.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.