Is Americold Realty Trust (NYSE: COLD) Back In The Buying Zone?


    BlackRock Fund Advisors recently announced the acquisition of new stake in Americold Realty Trust (NYSE:COLD). The institutional investor has increased its shareholding in the Real Estate company by 0.14% to 10.8 million shares with purchase of 14918.0 shares. This fresh investment now brings its stake to 5.39% valued currently at $392.07 million. In addition, AllianceBernstein LP raised its holdings by 2.15 million to 9.13 million shares. And Wellington Management Co. LLP has lifted its position by 13.36% or 1.05 million shares – to 8.91 million shares.

    With over 1.32 million Americold Realty Trust (COLD) shares trading Friday and a closing price of $37.55 on the day, the dollar volume was approximately $49.61 million. The shares have shown a positive weekly performance of 2.18% and its price on 07/17/20 gained nearly 3.87%. Currently, there are 200.71M common shares owned by the public and among those 199.55M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 8 analysts who have offered their price forecasts for COLD have a consensus price objective of $38.88. The analysts have set the share’s price value over the next 12 months at a high of $41.00 and a low of $37.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Americold Realty Trust stock is 1.70 for the next 12 months. The average price target is 2.64% above its last price level and an upside to the estimated low will see the stock lose -1.49% over that period. But an upside of 8.41% will see the stock hit the forecast high price target while mean target price for the stock is $39.00.

    Insiders at the company have transacted a total of 70 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 39 of these insider trades were purchases, accounting for 527,333 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 338,908 shares.

    The top 3 mutual fund holders in Americold Realty Trust are Vanguard Real Estate Index Fund, Vanguard Windsor Funds – Vanguard, and Vanguard Total Stock Market Index. Vanguard Real Estate Index Fund owns 8.98 million shares of the company’s stock, all valued at over $325.93 million. The company bought an additional 68485.0 shares recently to bring their total holdings to about 4.48% of the shares outstanding. Vanguard Windsor Funds – Vanguard bought 0.59 million shares to see its total holdings expand to 5.76 million shares valued at over $208.92 million and representing 2.87% of the shares outstanding. Vanguard Total Stock Market Index bought 0.17 million shares to bring its total holdings to over 5.7 million shares at a value of $206.9 million. Vanguard Total Stock Market Index now owns shares totaling to 2.85% of the shares outstanding.

    Shares of Americold Realty Trust (NYSE: COLD) opened at $36.21, up $0.06 from a prior closing price of $36.15. However, the script later closed the day at $37.55, up 3.87%. The company’s stock has a 5-day price change of 2.18% and 9.57% over the past three months. COLD shares are trading 7.10% year to date (YTD), with the 12-month market performance up to 11.69% higher. It has a 12-month low price of $23.30 and touched a high of $40.42 over the same period. Currently, 1.32 million shares have been traded, compared to an average intraday trading volume of 1.95 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.08%, 6.13%, and 7.51% respectively.

    Institutional ownership of Americold Realty Trust (NYSE: COLD) 200.71M shares outstanding. Mutual fund holders own 46.16%, while other institutional holders and individual stakeholders account for 61.89% and 33.69% respectively.

    It has a market capitalization of $7.24B. The stock’s trailing 12-month PE ratio is 97.79, while the earnings-per-share (ttm) stands at $0.38. The company has a PEG of 13.04 and the debt-to-equity ratio at 0.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.78% over the week and 2.42% over the month.

    Analysts forecast that Americold Realty Trust (COLD) will achieve an EPS of $0.14 for the current quarter, $0.12 for the next quarter and $0.63 for 2021. The lowest estimate earnings-per-share for the quarter is $0.13 while analysts give the company a high EPS estimate of $0.16. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to decrease by -24.40%, and 10.52% over the next financial year. EPS should shrink at an annualized rate of 7.50% over the next five years, compared to 20.00% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Americold Realty Trust (COLD) as a “Strong Buy” at a consensus score of 1.70. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 1 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the COLD, a number of firms have released research notes about the stock. BofA/Merrill stated their Buy rating for the stock in a research note on May 11, 2020, with the firm’s price target at. BofA/Merrill coverage for the Americold Realty Trust (COLD) stock in a research note released on February 24, 2020 offered a Neutral rating with a price target of $35. JP Morgan was of a view on December 18, 2019 that the stock is Overweight, while Berenberg gave the stock Hold rating on December 09, 2019, issuing a price target of. BofA/Merrill on their part issued Buy rating on August 15, 2019.


    Please enter your comment!
    Please enter your name here