Royal Bank of Canada Cuts Americold Realty Trust (NYSE:COLD) Price Target to $30.00

Americold Realty Trust (NYSE:COLDFree Report) had its price target lowered by Royal Bank of Canada from $33.00 to $30.00 in a report released on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Scotiabank boosted their target price 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. Barclays increased their price objective on Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Wells Fargo & Company upped their price target on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Truist Financial boosted their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Robert W. Baird lowered their target price on shares of 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. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.73.

Get Our Latest Research Report on COLD

Americold Realty Trust Trading Up 0.6 %

Shares of Americold Realty Trust stock opened at $21.85 on Wednesday. Americold Realty Trust has a 1-year low of $21.53 and a 1-year high of $30.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.16. The stock has a market cap of $6.21 billion, a P/E ratio of -21.63, a P/E/G ratio of 1.76 and a beta of 0.61. The stock’s 50 day simple moving average is $26.67 and its 200-day simple moving average is $26.81.

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

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -87.13%.

Hedge Funds Weigh In On Americold Realty Trust

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

Americold Realty Trust Company Profile

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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.

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Analyst Recommendations for Americold Realty Trust (NYSE:COLD)

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