Americold Realty Trust (NYSE:COLD) Given New $38.00 Price Target at Barclays

Americold Realty Trust (NYSE:COLD) had its price target increased by Barclays from $30.00 to $38.00 in a research report released on Wednesday morning, The Fly reports. They currently have an underweight rating on the stock.

COLD has been the topic of a number of other research reports. Truist cut their price objective on shares of Americold Realty Trust from $42.00 to $39.00 and set a buy rating on the stock in a report on Tuesday, September 21st. KeyCorp assumed coverage on shares of Americold Realty Trust in a research note on Monday, June 7th. They set an overweight rating and a $43.00 target price for the company. Citigroup lowered shares of Americold Realty Trust from a buy rating to a neutral rating and set a $41.00 target price for the company. in a research note on Monday, August 9th. Zacks Investment Research lowered shares of Americold Realty Trust from a buy rating to a hold rating in a research note on Tuesday, July 13th. Finally, Raymond James downgraded shares of Americold Realty Trust from an outperform rating to a market perform rating in a research report on Friday, August 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $40.71.

Shares of NYSE COLD opened at $30.70 on Wednesday. Americold Realty Trust has a 52-week low of $30.50 and a 52-week high of $40.85. The firm has a fifty day moving average of $36.75 and a 200-day moving average of $37.89. The stock has a market capitalization of $8.02 billion, a PE ratio of -118.08, a P/E/G ratio of 17.96 and a beta of 0.12. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.06.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Wednesday, August 4th. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.15). Americold Realty Trust had a negative net margin of 2.57% and a negative return on equity of 1.76%. Equities research analysts expect that Americold Realty Trust will post 1.26 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.88 dividend on an annualized basis and a yield of 2.87%. Americold Realty Trust’s payout ratio is 68.22%.

A number of hedge funds have recently added to or reduced their stakes in COLD. First Trust Advisors LP lifted its position in Americold Realty Trust by 672.3% in the 1st quarter. First Trust Advisors LP now owns 152,274 shares of the company’s stock worth $4,646,000 after buying an additional 132,558 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Americold Realty Trust by 221.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 328,694 shares of the company’s stock worth $10,028,000 after buying an additional 226,443 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Americold Realty Trust by 13.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 76,939 shares of the company’s stock worth $2,872,000 after buying an additional 9,045 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Americold Realty Trust by 30.5% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 87,899 shares of the company’s stock worth $3,381,000 after buying an additional 20,532 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Americold Realty Trust by 11.5% during the 1st quarter. Rhumbline Advisers now owns 291,697 shares of the company’s stock worth $11,222,000 after purchasing an additional 30,120 shares during the last quarter.

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 firm’s real estate portfolio.

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