Americold Realty Trust (NYSE:COLD) Stock Jumps 5.2% – Time to Buy?

Shares of Americold Realty Trust Inc. (NYSE:COLD) shot up 5.2% on Friday. The stock traded as high as $16.77 and last traded at $16.7320. 2,871,726 shares were traded during trading, a decline of 34% from the average daily volume of 4,352,682 shares. The stock had previously closed at $15.90.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on COLD shares. UBS Group lifted their price target on shares of Americold Realty Trust from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday. DA Davidson set a $16.00 price target on shares of Americold Realty Trust in a research note on Tuesday, August 18th. Piper Sandler upgraded shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $15.00 to $19.00 in a report on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Americold Realty Trust in a research report on Wednesday, November 4th. Finally, Evercore reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Americold Realty Trust in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.89.

Americold Realty Trust Stock Performance

The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 20.15 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a 50 day moving average price of $14.53 and a 200-day moving average price of $13.93.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.37. The company had revenue of $691.56 million for the quarter, compared to the consensus estimate of $640.82 million. Americold Realty Trust had a return on equity of 8.44% and a net margin of 9.03%. Americold Realty Trust’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. As a group, sell-side analysts expect that Americold Realty Trust Inc. will post 1.22 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.23 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.5%. Americold Realty Trust’s payout ratio is currently 110.84%.

Institutional Investors Weigh In On Americold Realty Trust

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Americold Realty Trust by 79.6% during the second quarter. GAMMA Investing LLC now owns 3,834 shares of the company’s stock worth $60,000 after purchasing an additional 1,699 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Americold Realty Trust by 51.8% in the first quarter. EverSource Wealth Advisors LLC now owns 4,222 shares of the company’s stock valued at $48,000 after buying an additional 1,441 shares during the last quarter. Basecamp Wealth Advisors LLC raised its stake in Americold Realty Trust by 726.2% in the first quarter. Basecamp Wealth Advisors LLC now owns 4,296 shares of the company’s stock valued at $49,000 after buying an additional 3,776 shares in the last quarter. Nykredit A S acquired a new stake in Americold Realty Trust in the second quarter valued at $75,000. Finally, Quantbot Technologies LP acquired a new stake in Americold Realty Trust in the second quarter valued at $75,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust that owns and operates temperature-controlled warehouses and provides logistics services for the food supply chain. Its facilities help customers store and move perishable products, including food produced by manufacturers and processors and products distributed to retailers and food-service businesses. The company offers refrigerated and frozen storage, handling, transportation and other supply chain services. It also manages temperature-controlled facilities for third parties, combining warehouse space with operational support for customers’ distribution needs.