Americold Realty Trust (NYSE:COLD) Receives Consensus “Hold” Recommendation From Analysts

American Realty Trust (NYSE: COLD – Get a rating) received a consensus recommendation of “Hold” from the thirteen brokerages that currently cover the business, Marketbeat.com reports. Two analysts gave the stock a sell rating, five gave the company a hold rating and five gave the company a buy rating. The 12-month average price target among analysts who have rated the stock over the past year is $33.80.

A number of equity research analysts have weighed in on COLD stocks recently. TheStreet downgraded Americold Realty Trust from a “c-” rating to a “d+” rating in a Thursday, March 17 research note. Barclays lowered its price target on Americold Realty Trust from $30.00 to $27.00 and set an “underweight” rating on the stock in a Friday April 1 research note. JPMorgan Chase & Co. downgraded Americold Realty Trust from an “overweight” rating to a “neutral” rating and lowered its price target for the stock from $35.00 to $30.00 in a research note from the Friday February 25. Royal Bank of Canada lowered its price target on Americold Realty Trust from $36.00 to $34.00 and set an “outperform” rating for the stock in a Wednesday, March 2 research note. To finish, Zacks Investment Research downgraded Americold Realty Trust from a “hold” rating to a “sell” rating in a Friday, May 13 research note.

COLD opened at $28.92 on Friday. The company’s 50-day moving average is $27.24 and its two-hundred-day moving average is $28.75. Americold Realty Trust has a 1-year minimum of $23.96 and a 1-year maximum of $40.85. The company has a debt ratio of 0.15, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market capitalization of $7.79 billion, a PE ratio of -241.00, a growth price-earnings ratio of 12.41 and a beta of 0.34.

American Realty Trust (NYSE: COLD – Get a rating) last reported results on Thursday, May 5. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. Americold Realty Trust posted a negative return on equity of 0.84% ​​and a negative net margin of 1.20%. The company posted revenue of $705.70 million for the quarter, versus analyst estimates of $686.89 million. In the same quarter of the previous year, the company had earned earnings per share of $0.30. The company’s quarterly revenue increased by 11.2% compared to the same quarter last year. As a group, sell-side analysts expect Americold Realty Trust to post 0.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Investors of record on Thursday, June 30 will receive a dividend of $0.22 per share. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Wednesday, June 29. The dividend payout ratio (DPR) of Americold Realty Trust is -733.33%.

In related news, insider Thomas C. Novosel sold 9,000 shares of Americanold Realty Trust in a trade dated Wednesday, March 9. The stock was sold at an average price of $27.52, for a total transaction of $247,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Insiders hold 0.18% of the company’s shares.

A number of large investors have recently changed their positions in COLD. Whittier Trust Co. acquired a new position in Americold Realty Trust in the fourth quarter valued at approximately $26,000. National Bank of Canada FI acquired a new position in shares of Americold Realty Trust during the 4th quarter with a value of approximately $27,000. Industrial Alliance Investment Management Inc. acquired a new stock position in Americold Realty Trust during Q4 worth approximately $27,000. Private Capital Group LLC increased its equity stake in Americanold Realty Trust by 75.3% during the 1st quarter. Private Capital Group LLC now owns 1,304 shares of the company worth $37,000 after purchasing an additional 560 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Americold Realty Trust by 158.9% during the 4th quarter. Parallel Advisors LLC now owns 1,476 shares of the company worth $48,000 after purchasing an additional 906 shares during the period.

About Americanold Realty Trust (Get a rating)

Americold is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion cubic feet of refrigerated storage, in the United States, Australia, New Zealand, Canada and Argentina.

Read more

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Americold Realty Trust right now?

Before you consider Americold Realty Trust, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher…and Americold Realty Trust was not on the list.

While Americold Realty Trust currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here