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.
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