Americold Realty Trust (NYSE:COLD - Free Report) had its price objective trimmed by Robert W. Baird from $31.00 to $28.00 in a report issued on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.
COLD has been the topic of a number of other research reports. Evercore ISI upped their target price on Americold Realty Trust from $33.00 to $34.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Scotiabank raised their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Wells Fargo & Company boosted their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. Truist Financial lifted their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a "buy" rating in a report on Friday, August 16th. Finally, Barclays raised their target price on Americold Realty Trust from $25.00 to $28.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.91.
Get Our Latest Analysis on Americold Realty Trust
Americold Realty Trust Stock Performance
COLD stock traded down $0.41 during midday trading on Friday, reaching $22.76. The stock had a trading volume of 2,308,206 shares, compared to its average volume of 2,185,690. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a fifty day simple moving average of $27.48 and a two-hundred day simple moving average of $26.82. The stock has a market cap of $6.47 billion, a PE ratio of -22.92, a P/E/G ratio of 1.71 and a beta of 0.61. Americold Realty Trust has a 52-week low of $21.87 and a 52-week high of $30.92.
Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.54). The business 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 business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, equities research analysts anticipate that Americold Realty Trust will post 1.39 EPS for the current year.
Americold Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 3.87%. Americold Realty Trust's dividend payout ratio is currently -87.13%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Assetmark Inc. boosted its position 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 worth $28,000 after buying an additional 961 shares during the period. GAMMA Investing LLC boosted its holdings in Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company's stock valued at $32,000 after acquiring an additional 735 shares during the period. Blue Trust Inc. grew its position in Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company's stock valued at $75,000 after acquiring an additional 2,891 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Americold Realty Trust in the 2nd quarter valued at about $85,000. Finally, Signaturefd LLC increased its stake in Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company's stock worth $102,000 after purchasing an additional 740 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.
About Americold Realty Trust
(
Get Free Report)
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.
Further Reading
Before you consider Americold Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Americold Realty Trust wasn't on the list.
While Americold Realty Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.