Americold Realty Trust (COLD) Expected to Announce Earnings on Thursday

Americold Realty Trust (NYSE:COLD) is projected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Americold Realty Trust to post earnings of $0.10 per share and revenue of $684.03 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Americold Realty Trust Trading Down 2.0 %

Americold Realty Trust stock opened at $20.98 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of -20.77, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. Americold Realty Trust has a 1 year low of $20.41 and a 1 year high of $30.45. The firm’s 50 day moving average price is $21.64 and its two-hundred day moving average price is $24.93.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.20%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s payout ratio is -87.13%.

Insider Activity

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the transaction, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on COLD shares. Robert W. Baird lowered their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Scotiabank reduced their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research note on Tuesday, December 10th. Citigroup dropped their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, December 4th. Barclays cut their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Raymond James dropped their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.17.

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 the firm’s real estate portfolio.