Robert W. Baird Raises Americold Realty Trust (NYSE:COLD) Price Target to $31.00

Americold Realty Trust (NYSE:COLD) had its target price lifted by Robert W. Baird from $29.00 to $31.00 in a research report sent to investors on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research firms also recently commented on COLD. Wells Fargo & Company assumed coverage on Americold Realty Trust in a research note on Thursday, April 25th. They issued an equal weight rating and a $24.00 price objective on the stock. Scotiabank upgraded shares of Americold Realty Trust from a sector perform rating to a sector outperform rating and boosted their price objective for the stock from $27.00 to $30.00 in a research note on Thursday, May 23rd. JPMorgan Chase & Co. upgraded Americold Realty Trust from a neutral rating to an overweight rating and set a $30.00 price target for the company in a report on Wednesday, June 26th. Wolfe Research upgraded Americold Realty Trust from a peer perform rating to an outperform rating and set a $31.00 price objective on the stock in a research note on Monday, July 1st. Finally, Barclays boosted their price target on Americold Realty Trust from $25.00 to $26.00 and gave the stock an equal weight rating in a research report on Friday, May 24th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust has an average rating of Moderate Buy and a consensus price target of $30.64.

Americold Realty Trust Trading Down 0.9 %

COLD traded down $0.25 during trading on Friday, hitting $28.81. The company’s stock had a trading volume of 227,579 shares, compared to its average volume of 2,393,686. Americold Realty Trust has a twelve month low of $21.87 and a twelve month high of $33.90. The firm’s 50 day moving average price is $27.31 and its 200-day moving average price is $25.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market cap of $8.18 billion, a PE ratio of -24.84, a PEG ratio of 2.14 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 8.55% and a negative net margin of 12.17%. The company had revenue of $660.96 million during the quarter, compared to analyst estimates of $653.74 million. During the same period in the prior year, the business posted $0.28 earnings per share. Americold Realty Trust’s revenue was up 1.7% on a year-over-year basis. On average, analysts expect that Americold Realty Trust will post 1.35 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.88 annualized dividend and a dividend yield of 3.05%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

Institutional Trading of Americold Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of COLD. GAMMA Investing LLC bought a new position in Americold Realty Trust during the fourth quarter worth about $50,000. Blue Trust Inc. increased its position in shares of Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after purchasing an additional 2,891 shares in the last quarter. Principal Securities Inc. bought a new stake in Americold Realty Trust during the fourth quarter worth about $80,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Americold Realty Trust in the second quarter valued at $85,000. Finally, Signaturefd LLC raised its stake in shares of Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after acquiring an additional 740 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

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.