Americold Realty Trust (NYSE:COLD) Coverage Initiated at KeyCorp

KeyCorp started coverage on shares of Americold Realty Trust (NYSE:COLD) in a research report sent to investors on Monday morning, PriceTargets.com reports. The firm issued an overweight rating and a $43.00 price objective on the stock. KeyCorp also issued estimates for Americold Realty Trust’s Q2 2021 earnings at $0.30 EPS, Q3 2021 earnings at $0.33 EPS, Q4 2021 earnings at $0.42 EPS, FY2021 earnings at $1.34 EPS, Q1 2022 earnings at $0.27 EPS, Q2 2022 earnings at $0.36 EPS, Q3 2022 earnings at $0.38 EPS, Q4 2022 earnings at $0.45 EPS and FY2022 earnings at $1.48 EPS.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Americold Realty Trust from a hold rating to a sell rating in a research note on Thursday, May 20th. TheStreet downgraded shares of Americold Realty Trust from a b- rating to a c+ rating in a research note on Wednesday, May 12th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Americold Realty Trust has an average rating of Buy and an average target price of $42.25.

Shares of NYSE COLD opened at $39.47 on Monday. The firm has a 50-day moving average of $38.79. Americold Realty Trust has a 52-week low of $32.94 and a 52-week high of $41.29. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of -789.40, a price-to-earnings-growth ratio of 3.06 and a beta of 0.14. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.05.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Wednesday, May 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.20). Americold Realty Trust had a negative net margin of 0.63% and a negative return on equity of 0.46%. The company had revenue of $634.80 million during the quarter, compared to analyst estimates of $596.65 million. During the same quarter last year, the business earned $0.33 EPS. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. Equities analysts expect that Americold Realty Trust will post 1.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, June 29th. Americold Realty Trust’s dividend payout ratio (DPR) is presently 68.22%.

In other Americold Realty Trust news, EVP James Andrew Harron sold 6,000 shares of Americold Realty Trust stock in a transaction dated Thursday, May 20th. The shares were sold at an average price of $37.99, for a total transaction of $227,940.00. Also, EVP James C. Snyder, Jr. sold 7,047 shares of Americold Realty Trust stock in a transaction dated Tuesday, May 11th. The shares were sold at an average price of $37.77, for a total transaction of $266,165.19. Following the sale, the executive vice president now owns 26,536 shares of the company’s stock, valued at $1,002,264.72. The disclosure for this sale can be found here. Insiders have sold 48,839 shares of company stock worth $1,847,970 over the last ninety days. 0.27% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. FORA Capital LLC acquired a new stake in shares of Americold Realty Trust during the first quarter valued at about $25,000. Cordasco Financial Network acquired a new stake in shares of Americold Realty Trust during the first quarter valued at about $27,000. Signaturefd LLC grew its holdings in shares of Americold Realty Trust by 1,125.4% in the first quarter. Signaturefd LLC now owns 723 shares of the company’s stock valued at $28,000 after purchasing an additional 664 shares in the last quarter. Associated Banc Corp grew its holdings in shares of Americold Realty Trust by 971.4% in the fourth quarter. Associated Banc Corp now owns 750 shares of the company’s stock valued at $28,000 after purchasing an additional 680 shares in the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in shares of Americold Realty Trust in the first quarter valued at approximately $39,000.

Americold Realty Trust Company Profile

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 refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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