Americold Realty Trust (NYSE:COLD) Stock Jumps 5.2% – Still a Buy?

Americold Realty Trust Inc. (NYSE:COLD)’s share price rose 5.2% during mid-day trading on Friday. The company traded as high as $16.77 and last traded at $16.7320. Approximately 2,871,726 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 4,352,682 shares. The stock had previously closed at $15.90.

Wall Street Analyst Weigh In

COLD has been the topic of a number of recent analyst reports. DA Davidson set a $16.00 price target on shares of Americold Realty Trust in a research note on Tuesday, August 18th. Bank of America raised shares of Americold Realty Trust from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $15.00 to $16.00 in a research note on Tuesday, August 18th. KeyCorp restated an “overweight” rating on shares of Americold Realty Trust in a report on Monday, August 10th. JPMorgan Chase & Co. raised Americold Realty Trust from an “underweight” rating to a “neutral” rating and set a $16.00 target price on the stock in a research report on Thursday, September 24th. Finally, Evercore reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Americold Realty Trust in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.89.

Americold Realty Trust Price Performance

The company’s fifty day moving average is $14.47 and its 200 day moving average is $13.91. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.78 billion, a PE ratio of 20.09 and a beta of 0.93.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.37. Americold Realty Trust had a net margin of 9.03% and a return on equity of 8.44%. The firm had revenue of $691.56 million for the quarter, compared to analysts’ expectations of $640.82 million. During the same period in the previous year, the company posted $0.35 earnings per share. Americold Realty Trust’s revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Americold Realty Trust Inc. will post 1.22 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Wednesday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently 110.84%.

Hedge Funds Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System increased its holdings in Americold Realty Trust by 0.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 258,860 shares of the company’s stock valued at $3,619,000 after purchasing an additional 1,295 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Americold Realty Trust by 6.2% during the third quarter. Voya Investment Management LLC now owns 23,199 shares of the company’s stock worth $324,000 after purchasing an additional 1,345 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Americold Realty Trust by 51.8% during the first quarter. EverSource Wealth Advisors LLC now owns 4,222 shares of the company’s stock worth $48,000 after purchasing an additional 1,441 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Americold Realty Trust by 13.2% during the second quarter. Rehmann Capital Advisory Group now owns 12,768 shares of the company’s stock worth $201,000 after purchasing an additional 1,492 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Americold Realty Trust by 8.4% in the first quarter. PNC Financial Services Group Inc. now owns 19,719 shares of the company’s stock worth $226,000 after buying an additional 1,529 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust that owns and operates temperature-controlled warehouses and provides logistics services for the food supply chain. Its facilities help customers store and move perishable products, including food produced by manufacturers and processors and products distributed to retailers and food-service businesses. The company offers refrigerated and frozen storage, handling, transportation and other supply chain services. It also manages temperature-controlled facilities for third parties, combining warehouse space with operational support for customers’ distribution needs.