Americold Realty Trust (NYSE:COLD) Price Target Lowered to $26.00 at Barclays

Americold Realty Trust (NYSE:COLD) had its price target cut by Barclays from $28.00 to $26.00 in a research report released on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Scotiabank increased their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Truist Financial lifted their target price on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Robert W. Baird dropped their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Wells Fargo & Company lifted their price objective on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.55.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $22.88 on Monday. The company has a market capitalization of $6.50 billion, a P/E ratio of -22.83, a P/E/G ratio of 1.74 and a beta of 0.61. Americold Realty Trust has a 1-year low of $21.53 and a 1-year high of $30.92. The firm’s 50 day simple moving average is $26.25 and its two-hundred day simple moving average is $26.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The firm had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. Research analysts expect that Americold Realty Trust will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s payout ratio is -87.13%.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. grew its holdings in Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after purchasing an additional 961 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after buying an additional 735 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Americold Realty Trust in the third quarter worth approximately $55,000. Blue Trust Inc. lifted its stake in shares of Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after acquiring an additional 2,891 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Americold Realty Trust during the 2nd quarter valued at $85,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.