Americold Realty Trust (NYSE:COLD) Price Target Lowered to $17.00 at Truist Financial

Americold Realty Trust (NYSE:COLD) had its target price trimmed by Truist Financial from $20.00 to $17.00 in a research note published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Scotiabank cut their target price on shares of Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, September 5th. Zacks Research downgraded Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $15.00 target price (down from $17.00) on shares of Americold Realty Trust in a report on Tuesday. Finally, Royal Bank Of Canada cut their price target on Americold Realty Trust from $25.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, August 18th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.25.

Americold Realty Trust Trading Down 2.3%

NYSE:COLD opened at $12.16 on Thursday. The company has a market cap of $3.46 billion, a PE ratio of -63.99, a P/E/G ratio of 3.91 and a beta of 0.84. The business’s 50 day moving average is $14.66 and its two-hundred day moving average is $17.15. 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 has a 52 week low of $12.14 and a 52 week high of $29.04.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $644.95 million. During the same period in the prior year, the company posted $0.38 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.6%. The ex-dividend date is Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -484.21%.

Institutional Investors Weigh In On Americold Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Entropy Technologies LP bought a new position in Americold Realty Trust in the 1st quarter valued at about $494,000. Vision Capital Corp boosted its holdings in shares of Americold Realty Trust by 3.6% in the first quarter. Vision Capital Corp now owns 1,237,320 shares of the company’s stock valued at $26,553,000 after acquiring an additional 42,600 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Americold Realty Trust by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock worth $90,766,000 after purchasing an additional 73,856 shares in the last quarter. Earnest Partners LLC lifted its position in Americold Realty Trust by 2.8% in the first quarter. Earnest Partners LLC now owns 2,595,058 shares of the company’s stock worth $55,690,000 after purchasing an additional 71,069 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in Americold Realty Trust by 14.8% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,786,323 shares of the company’s stock valued at $59,794,000 after purchasing an additional 358,694 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Company Profile

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.