Americold Realty Trust (NYSE:COLD) Price Target Raised to $28.00 at Scotiabank

Americold Realty Trust (NYSE:COLD) had its target price boosted by Scotiabank from $27.00 to $28.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a sector outperform rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Barclays lowered their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Raymond James lowered their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Royal Bank of Canada lowered their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Citigroup lowered their price target on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Finally, Truist Financial lowered their price target on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $29.25.

Americold Realty Trust Trading Down 1.2 %

NYSE:COLD opened at $21.04 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. Americold Realty Trust has a 1 year low of $20.41 and a 1 year high of $30.45. The company has a market cap of $5.98 billion, a P/E ratio of -61.87, a P/E/G ratio of 1.66 and a beta of 0.57. The stock’s fifty day moving average price is $21.75 and its two-hundred day moving average price is $24.18.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The company had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. As a group, analysts expect that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.18%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -258.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of COLD. Brown Brothers Harriman & Co. bought a new stake in shares of Americold Realty Trust in the fourth quarter worth about $25,000. Assetmark Inc. grew its stake in shares of Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after purchasing an additional 961 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after purchasing an additional 2,033 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Americold Realty Trust in the third quarter worth about $55,000. Finally, Vestcor Inc bought a new stake in shares of Americold Realty Trust in the fourth quarter worth about $86,000. 98.14% of the stock is owned by institutional investors.

About Americold Realty Trust

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.