Americold Realty Trust, Inc. (NYSE:COLD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have received an average 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 issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $26.09.

A number of analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Scotiabank reissued a “sector perform” rating and issued a $20.00 price objective on shares of Americold Realty Trust in a report on Thursday, May 15th. Wells Fargo & Company lowered their price objective on Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, May 19th. 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 report on Friday, March 21st. Finally, Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $26.00 to $21.00 in a report on Wednesday, April 9th.

Americold Realty Trust Trading Down 1.0%

NYSE COLD opened at $16.59 on Friday. The company’s 50 day moving average price is $18.91 and its 200 day moving average price is $20.93. Americold Realty Trust has a one year low of $16.29 and a one year high of $30.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of -48.79, a PEG ratio of 1.66 and a beta of 0.95.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $628.98 million for the quarter, compared to analysts’ expectations of $667.18 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, sell-side analysts predict that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.55%. Americold Realty Trust’s dividend payout ratio is currently -213.95%.

Insider Buying and Selling

In related news, CFO Jay Wells acquired 10,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of $17.91 per share, with a total value of $179,100.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $179,100. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the business’s stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $17.99 per share, with a total value of $1,978,900.00. Following the acquisition, the chief executive officer now owns 110,000 shares in the company, valued at approximately $1,978,900. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cohen & Steers Inc. raised its stake in Americold Realty Trust by 16.3% during the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock worth $617,085,000 after acquiring an additional 4,049,374 shares in the last quarter. Norges Bank acquired a new position in Americold Realty Trust during the fourth quarter worth $478,674,000. Principal Financial Group Inc. increased its position in shares of Americold Realty Trust by 7.8% during the 1st quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company’s stock worth $347,167,000 after purchasing an additional 1,169,063 shares in the last quarter. FMR LLC increased its position in shares of Americold Realty Trust by 0.9% during the 4th quarter. FMR LLC now owns 13,382,883 shares of the company’s stock worth $286,394,000 after purchasing an additional 121,452 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its position in shares of Americold Realty Trust by 115.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock worth $136,698,000 after purchasing an additional 3,427,083 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.