Americold Realty Trust (NYSE:COLD – Free Report) had its price objective raised by Barclays from $25.00 to $28.00 in a report published on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.
A number of other brokerages have also commented on COLD. Robert W. Baird upped their target price on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Monday, July 1st. Scotiabank upped their target price on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Wells Fargo & Company upped their price objective on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Evercore ISI upped their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.18.
Get Our Latest Analysis on COLD
Americold Realty Trust Price Performance
Americold Realty Trust (NYSE:COLD – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). The firm had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. As a group, equities analysts expect that Americold Realty Trust will post 1.39 EPS for the current fiscal year.
Americold Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s dividend payout ratio is currently -75.21%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Americold Realty Trust by 189.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares during the last quarter. Blue Trust Inc. grew its holdings in Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after buying an additional 2,891 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Americold Realty Trust in the 2nd quarter valued at $85,000. Signaturefd LLC grew its holdings in Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after buying an additional 740 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Americold Realty Trust in the 2nd quarter valued at $204,000. 98.14% of the stock is owned by institutional investors and hedge funds.
Americold Realty Trust Company Profile
Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.
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