Robert W. Baird Lowers Americold Realty Trust (NYSE:COLD) Price Target to $19.00

Americold Realty Trust (NYSE:COLD) had its price objective decreased by research analysts at Robert W. Baird from $23.00 to $19.00 in a research note issued on Wednesday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 29.14% from the company’s previous close.

Several other equities analysts also recently commented on COLD. Scotiabank restated a “sector perform” rating and set a $20.00 target price on shares of Americold Realty Trust in a research report on Thursday, May 15th. Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Wells Fargo & Company reduced their target price on Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, May 19th. KeyCorp dropped their price target on Americold Realty Trust from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. lowered Americold Realty Trust from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Americold Realty Trust Stock Performance

Shares of COLD stock traded up $0.4330 during mid-day trading on Wednesday, reaching $14.7130. The stock had a trading volume of 654,411 shares, compared to its average volume of 2,914,250. Americold Realty Trust has a one year low of $14.23 and a one year high of $29.79. The firm has a market cap of $4.19 billion, a PE ratio of -77.51, a P/E/G ratio of 4.59 and a beta of 0.81. The firm’s 50 day simple moving average is $16.32 and its 200 day simple moving average is $18.67. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The business had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. During the same period in the prior year, the company posted $0.38 earnings per share. Americold Realty Trust’s revenue was down 1.5% on a year-over-year basis. On average, analysts forecast that Americold Realty Trust will post 1.47 EPS for the current year.

Institutional Trading of Americold Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in COLD. Norges Bank bought a new position in shares of Americold Realty Trust in the 2nd quarter valued at about $206,317,000. Massachusetts Financial Services Co. MA grew its holdings in Americold Realty Trust by 649.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock worth $89,247,000 after acquiring an additional 3,603,716 shares during the period. Alyeska Investment Group L.P. raised its position in shares of Americold Realty Trust by 115.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock valued at $136,698,000 after acquiring an additional 3,427,083 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Americold Realty Trust by 1,567.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company’s stock valued at $63,541,000 after purchasing an additional 2,783,264 shares during the period. Finally, Lasalle Investment Management Securities LLC boosted its position in shares of Americold Realty Trust by 78.2% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company’s stock worth $103,322,000 after purchasing an additional 2,726,809 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.