UBS Group Initiates Coverage on Americold Realty Trust (NYSE:COLD)

Research analysts at UBS Group began coverage on shares of Americold Realty Trust (NYSE:COLD) in a research report issued on Tuesday, MarketBeat.com reports. The firm set a “neutral” rating and a $14.00 price target on the stock. UBS Group’s price target would suggest a potential upside of 2.99% from the company’s previous close.

COLD has been the subject of several other research reports. Royal Bank Of Canada lowered their target price on shares of Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $15.00 price objective (down previously from $17.00) on shares of Americold Realty Trust in a research report on Tuesday, September 23rd. KeyCorp dropped their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Evercore ISI cut their target price on shares of Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. Finally, Wells Fargo & Company lowered their target price on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.31.

Americold Realty Trust Trading Up 1.4%

Shares of NYSE COLD opened at $13.59 on Tuesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $13.73 and its two-hundred day moving average price is $16.32. Americold Realty Trust has a 52-week low of $11.90 and a 52-week high of $27.22. The stock has a market capitalization of $3.87 billion, a P/E ratio of -71.55, a PEG ratio of 4.27 and a beta of 0.81.

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

Hedge Funds Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. DAVENPORT & Co LLC acquired a new stake in Americold Realty Trust in the 3rd quarter valued at approximately $38,980,000. OLD National Bancorp IN bought a new position in shares of Americold Realty Trust in the third quarter worth $185,000. A. D. Beadell Investment Counsel Inc. grew its stake in shares of Americold Realty Trust by 38.1% in the third quarter. A. D. Beadell Investment Counsel Inc. now owns 27,075 shares of the company’s stock worth $331,000 after purchasing an additional 7,475 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Americold Realty Trust by 59.4% during the second quarter. Osaic Holdings Inc. now owns 6,803 shares of the company’s stock valued at $116,000 after purchasing an additional 2,535 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after purchasing an additional 806 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.