Americold Realty Trust Inc. (COLD) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Americold Realty Trust Inc. (NYSE: COLD) stock jumped 0.43% on Friday to $32.49 against a previous-day closing price of $32.35. With 1.11 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.01 million shares. During the session, the REIT – Industrial company that operates in wider Real Estate sector, reached to the highest price of $32.49 whereas the lowest price it dropped to was $31.98. The 52-week range on COLD shows that it touched its highest point at $38.89 and its lowest point at $23.96 during that stretch. It currently has a 1-year price target of $33.20. With its current market cap of 8.41 billion, COLD has annualized dividend of $0.88 while the current yield stands at 2.71%. Beta for the stock currently stands at 0.30.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COLD was down-trending over the past week, with a drop of -0.85%, but this was up by 4.81% over a month. Three-month performance surged to 21.50% while six-month performance rose 15.21%. The stock lost -15.43% in the past year, while it has lost -0.91% so far this year. A look at the trailing 12-month EPS for COLD yields -0.13 with Next year EPS estimates of 0.06. For the next quarter, that number is -0.04. This implies an EPS growth rate of -199.10% for this year and 170.00% for next year. EPS is expected to grow by 9.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.60%.

Float and Shares Shorts:

At present, 269.16 million COLD shares are outstanding with a float of 268.88 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.65 million, which was 2.47% higher than short shares on Jun 14, 2022. In addition to Mr. George F. Chappelle Jr. as the firm’s CEO & Trustee, Mr. Marc Jason Smernoff serves as its CFO & Exec. VP.

Institutional Ownership:

Through their ownership of 112.90% of COLD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 69.12% of COLD, in contrast to 37.50% held by mutual funds. Shares owned by individuals account for 25.12%. As the largest shareholder in COLD with 15.17% of the stake, Cohen & Steers Capital Management holds 40,846,206 shares worth 40,846,206. A second-largest stockholder of COLD, The Vanguard Group, Inc., holds 37,205,696 shares, controlling over 13.82% of the firm’s shares. APG Asset Management US, Inc. is the third largest shareholder in COLD, holding 19,575,319 shares or 7.27% stake. With a 7.28% stake in COLD, the Stichting Pensioenfonds ABP is the largest stakeholder. A total of 19,594,937 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.59% of COLD stock, is the second-largest Mutual Fund holder. It holds 12,345,025 shares valued at 370.84 million. Government Pension Fund – Global holds 2.99% of the stake in COLD, owning 8,048,497 shares worth 241.78 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, COLD reported revenue of $705.70M and operating income of $18.07M. Over the past year, revenue came in at $2.79B while operating income stood at $66.60M. It generated -$17.41M net income for the quarter, which came to -$33.45M over the last twelve months. The EBITDA in the recently reported quarter was $101.44M and diluted EPS was -$0.06. EBITDA for the full year was $439.60M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COLD since 12 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With COLD analysts setting a high price target of $38.00 and a low target of $29.00, the average target price over the next 12 months is $32.40. Based on these targets, COLD could surge 16.96% to reach the target high and fall by -10.74% to reach the target low. Reaching the average price target will result in a decline of -0.28% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. COLD will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of -$0.07 being high and -$0.16 being low. For COLD, this leads to a yearly average estimate of -$0.12. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Americold Realty Trust Inc. reported -$0.04 EPS against a consensus estimate of -$0.04. The surprise factor in the prior quarter was $0.00. Based on analyst estimates, the high estimate for the next quarter is -$0.02 and the low estimate is -$0.04. The average estimate for the next quarter is thus -$0.03.

Summary of Insider Activity:

Insiders traded COLD stock several times over the past three months with 1 Buys and 3 Sells. In these transactions, 3,308 shares were bought while 8,125 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 117,704 while 69,403 shares were sold.

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