Brokerages Set Americold Realty Trust Inc. (NYSE:COLD) PT at $19.25

Americold Realty Trust Inc. (NYSE:COLD) has been given an average rating of “Hold” by the thirteen ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.0833.

Several research firms have weighed in on COLD. Barclays reduced their target price on Americold Realty Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Robert W. Baird dropped their price target on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. Royal Bank Of Canada lowered their target price on Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday. Evercore ISI lowered their target price on Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $15.00 price target (down previously from $17.00) on shares of Americold Realty Trust in a research report on Tuesday, September 23rd.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in Americold Realty Trust during the second quarter worth approximately $206,317,000. Massachusetts Financial Services Co. MA lifted its stake in Americold Realty Trust by 649.2% during the first 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 last quarter. Price T Rowe Associates Inc. MD lifted its stake in Americold Realty Trust by 1,567.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company’s stock worth $63,541,000 after purchasing an additional 2,783,264 shares during the last quarter. Lasalle Investment Management Securities LLC lifted its stake in Americold Realty Trust by 78.2% during the second quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company’s stock worth $103,322,000 after purchasing an additional 2,726,809 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Americold Realty Trust during the first quarter worth $33,751,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

COLD stock opened at $12.39 on Friday. The business’s 50-day moving average price is $14.23 and its two-hundred day moving average price is $16.84. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.53 billion, a PE ratio of -65.18, a P/E/G ratio of 3.90 and a beta of 0.81. Americold Realty Trust has a 1-year low of $11.90 and a 1-year high of $27.68.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping 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 return on equity of 1.68% and a negative net margin of 2.09%.The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. As a group, research analysts forecast that Americold Realty Trust will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 7.4%. Americold Realty Trust’s dividend payout ratio is presently -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.