Americold Realty Trust Inc. (NYSE:COLD) Given Consensus Rating of “Hold” by Brokerages

Americold Realty Trust Inc. (NYSE:COLD) has been assigned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.0769.

Several equities research analysts have issued reports on COLD shares. UBS Group started coverage on shares of Americold Realty Trust in a report on Tuesday, October 14th. They issued a “neutral” rating and a $14.00 price target on the stock. Wells Fargo & Company reduced their target price on shares of Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Royal Bank Of Canada reduced their target price on shares of Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Americold Realty Trust in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Americold Realty Trust by 49,833.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock valued at $25,000 after purchasing an additional 1,495 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after acquiring an additional 806 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in Americold Realty Trust during the 1st quarter worth about $36,000. EverSource Wealth Advisors LLC grew its holdings in Americold Realty Trust by 252.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after acquiring an additional 1,593 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in Americold Realty Trust by 10,869.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock worth $42,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 2.7%

Shares of Americold Realty Trust stock opened at $14.08 on Tuesday. The firm has a market capitalization of $4.01 billion, a PE ratio of -74.08, a price-to-earnings-growth ratio of 4.37 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The company’s fifty day moving average price is $13.58 and its two-hundred day moving average price is $15.94. Americold Realty Trust has a 52-week low of $11.90 and a 52-week high of $26.42.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, analysts expect that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Tuesday, September 30th. Americold Realty Trust’s payout ratio is currently -484.21%.

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.