Evercore ISI Group Maintains Americold Realty Trust (COLD) Outperform Recommendation

Fintel reports that on August 7, 2023, Evercore ISI Group maintained coverage of Americold Realty Trust (NYSE:COLD) with a Outperform recommendation.

Analyst Price Forecast Suggests 10.72% Upside

As of August 2, 2023, the average one-year price target for Americold Realty Trust is 35.83. The forecasts range from a low of 32.32 to a high of $40.95. The average price target represents an increase of 10.72% from its latest reported closing price of 32.36.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Americold Realty Trust is 3,093MM, an increase of 10.64%. The projected annual non-GAAP EPS is 0.16.

Americold Realty Trust Declares $0.22 Dividend

On May 16, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Shareholders of record as of June 30, 2023 received the payment on July 14, 2023. Previously, the company paid $0.22 per share.

At the current share price of $32.36 / share, the stock’s dividend yield is 2.72%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.66%, the lowest has been 2.04%, and the highest has been 3.98%. The standard deviation of yields is 0.39 (n=235).

The current dividend yield is 0.14 standard deviations above the historical average.

Additionally, the company’s dividend payout ratio is -2.10. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.05%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 681 funds or institutions reporting positions in Americold Realty Trust. This is an increase of 8 owner(s) or 1.19% in the last quarter. Average portfolio weight of all funds dedicated to COLD is 0.38%, a decrease of 4.56%. Total shares owned by institutions decreased in the last three months by 9.17% to 317,006K shares. The put/call ratio of COLD is 1.15, indicating a bearish outlook.

What are Other Shareholders Doing?

COLD / Americold Realty Trust Inc Shares Held by Institutions

Cohen & Steers holds 45,566K shares representing 16.87% ownership of the company. In it’s prior filing, the firm reported owning 44,521K shares, representing an increase of 2.29%. The firm increased its portfolio allocation in COLD by 0.67% over the last quarter.

APG Asset Management US holds 17,920K shares representing 6.63% ownership of the company. In it’s prior filing, the firm reported owning 18,051K shares, representing a decrease of 0.73%. The firm increased its portfolio allocation in COLD by 0.74% over the last quarter.

VGSIX – Vanguard Real Estate Index Fund Investor Shares holds 11,839K shares representing 4.38% ownership of the company. In it’s prior filing, the firm reported owning 12,011K shares, representing a decrease of 1.45%. The firm increased its portfolio allocation in COLD by 2.90% over the last quarter.

Daiwa Securities Group holds 8,359K shares representing 3.09% ownership of the company. In it’s prior filing, the firm reported owning 8,386K shares, representing a decrease of 0.31%. The firm increased its portfolio allocation in COLD by 7.63% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 8,349K shares representing 3.09% ownership of the company. In it’s prior filing, the firm reported owning 8,199K shares, representing an increase of 1.80%. The firm decreased its portfolio allocation in COLD by 5.51% over the last quarter.

Americold Realty Trust Background Information
(This description is provided by the company.)

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 239 temperature-controlled warehouses, with over 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Australia, New Zealand, and South America. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.

Additional reading:

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reports that on August 7, 2023, Evercore ISI Group maintained coverage of Americold Realty Trust (NYSE:COLD) with a Outperform recommendation. Analyst Price Forecast Suggests 10.72% Upside As of August 2, 2023, the average one-year price target for Americold Realty Trust is 35.83. The forecasts range from a low of 32.32 to a high of $40.95. The average price target represents an increase of 10.72% from its latest reported closing price of 32.36.

See our leaderboard of companies with the largest price target upside. The projected annual revenue for Americold Realty Trust is 3,093MM, an increase of 10.64%. The projected annual non-GAAP EPS is 0.16. Americold Realty Trust Declares $0.22 Dividend On May 16, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Shareholders of record as of June 30, 2023 received the payment on July 14, 2023. Previously, the company paid $0.22 per share. At the current share price of $32.36 / share, the stock’s dividend yield is 2.72%. Looking back five years and taking a sample every week, the average dividend yield has been 2.66%, the lowest has been 2.04%, and the highest has been 3.98%. The standard deviation of yields is 0.39 (n=235).

The current dividend yield is 0.14 standard deviations above the historical average. Additionally, the company’s dividend payout ratio is -2.10. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company’s 3-Year dividend growth rate is 0.05%, demonstrating that it has increased its dividend over time. What is the Fund Sentiment? There are 681 funds or institutions reporting positions in Americold Realty Trust. This is an increase of 8 owner(s) or 1.19% in the last quarter. Average portfolio weight of all funds dedicated to COLD is 0.38%, a decrease of 4.56%. Total shares owned by institutions decreased in the last three months by 9.17% to 317,006K shares. The put/call ratio of COLD is 1.15, indicating a bearish outlook. What are Other Shareholders Doing? Cohen & Steers holds 45,566K shares representing 16.87% ownership of the company. In it’s prior filing, the firm reported owning 44,521K shares, representing an increase of 2.29%. The firm increased its portfolio allocation in COLD by 0.67% over the last quarter.

APG Asset Management US holds 17,920K shares representing 6.63% ownership of the company. In it’s prior filing, the firm reported owning 18,051K shares, representing a decrease of 0.73%. The firm increased its portfolio allocation in COLD by 0.74% over the last quarter. VGSIX – Vanguard Real Estate Index Fund Investor Shares holds 11,839K shares representing 4.38% ownership of the company. In it’s prior filing, the firm reported owning 12,011K shares, representing a decrease of 1.45%. The firm increased its portfolio allocation in COLD by 2.90% over the last quarter. Daiwa Securities Group holds 8,359K shares representing 3.09% ownership of the company. In it’s prior filing, the firm reported owning 8,386K shares, representing a decrease of 0.31%. The firm increased its portfolio allocation in COLD by 7.63% over the last quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 8,349K shares representing 3.09% ownership of the company. In it’s prior filing, the firm reported owning 8,199K shares, representing an increase of 1.80%. The firm decreased its portfolio allocation in COLD by 5.51% over the last quarter. Americold Realty Trust Background Information(This description is provided by the company.)

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 239 temperature-controlled warehouses, with over 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Australia, New Zealand, and South America. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.
Additional reading: This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/evercore-isi-group-maintains-americold-realty-trust-cold-outperform-recommendation Evercore ISI Group Maintains Americold Realty Trust (COLD) Outperform Recommendation

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