Americold Realty Trust, Inc. (NYSE:COLD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $28.00.

A number of equities research analysts have commented on COLD shares. Scotiabank reduced their price target on Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 10th. Barclays upgraded shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $26.00 to $21.00 in a research report on Wednesday, April 9th. Finally, Citigroup lowered their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, March 21st.

Americold Realty Trust Trading Down 3.7 %

NYSE COLD opened at $18.73 on Tuesday. Americold Realty Trust has a twelve month low of $16.67 and a twelve month high of $30.45. The business’s fifty day moving average is $20.64 and its 200 day moving average is $21.91. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.33 billion, a price-to-earnings ratio of -55.07, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95.

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

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were paid a $0.23 dividend. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 4.91%. Americold Realty Trust’s dividend payout ratio is presently -270.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Americold Realty Trust in the 4th quarter worth approximately $478,674,000. Cohen & Steers Inc. grew its stake in Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock valued at $617,085,000 after purchasing an additional 4,049,374 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Americold Realty Trust by 649.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock worth $89,247,000 after purchasing an additional 3,603,716 shares during the period. Alyeska Investment Group L.P. grew its position in Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock valued at $136,698,000 after buying an additional 3,427,083 shares during the period. Finally, Invesco Ltd. raised its position in Americold Realty Trust by 253.8% in the fourth quarter. Invesco Ltd. now owns 3,213,139 shares of the company’s stock worth $68,761,000 after acquiring an additional 2,304,867 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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.