Americold Realty Trust Inc. (NYSE:COLD – Get Free Report) has been assigned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $15.46.
Several equities analysts have recently issued reports on COLD shares. Piper Sandler decreased their price target on shares of Americold Realty Trust from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, October 12th. KeyCorp reiterated an “overweight” rating on shares of Americold Realty Trust in a research report on Monday, August 10th. Weiss Ratings downgraded Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $16.00 target price on shares of Americold Realty Trust in a report on Monday, August 17th. Finally, Evercore restated an “outperform” rating and issued a $19.00 target price on shares of Americold Realty Trust in a report on Friday, August 7th.
Read Our Latest Research Report on COLD
Institutional Trading of Americold Realty Trust
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE bought a new stake in shares of Americold Realty Trust in the second quarter worth $48,141,000. The Manufacturers Life Insurance Company acquired a new stake in Americold Realty Trust during the 2nd quarter worth about $1,175,000. Squarepoint Ops LLC raised its holdings in shares of Americold Realty Trust by 132.9% during the 2nd quarter. Squarepoint Ops LLC now owns 162,204 shares of the company’s stock valued at $2,550,000 after purchasing an additional 92,563 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Americold Realty Trust in the 2nd quarter worth approximately $10,605,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Americold Realty Trust during the second quarter worth approximately $8,963,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.
Americold Realty Trust Stock Performance
Shares of COLD opened at $15.17 on Friday. The company has a 50-day moving average of $14.35 and a two-hundred day moving average of $13.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.10 and a quick ratio of 0.10. Americold Realty Trust has a one year low of $10.10 and a one year high of $16.88. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of -9.54 and a beta of 0.93.
Americold Realty Trust (NYSE:COLD – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter. The firm had revenue of $662.89 million for the quarter, compared to the consensus estimate of $613.54 million. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. On average, equities research analysts expect that Americold Realty Trust will post 1.22 earnings per share for the current year.
Americold Realty Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Wednesday, September 30th. Americold Realty Trust’s dividend payout ratio is -57.86%.
About Americold Realty Trust
Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. Through its operating platform, Americold Logistics, the company provides refrigerated and frozen storage, handling, transportation and supply-chain services for food producers, retailers, distributors and other customers.
Its facilities support the movement of perishable products, including meat, seafood, dairy, fruit, vegetables, prepared foods and pharmaceuticals.
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