Citigroup Cuts Americold Realty Trust (NYSE:COLD) Price Target to $25.00

Americold Realty Trust (NYSE:COLD) had its price objective lowered by Citigroup from $30.00 to $25.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts also recently commented on COLD. Truist Financial boosted their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada decreased their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Barclays cut their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Scotiabank increased their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Finally, Evercore ISI boosted their target price on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.83.

Americold Realty Trust Stock Up 0.5 %

NYSE:COLD opened at $23.15 on Wednesday. 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 has a 1-year low of $21.53 and a 1-year high of $30.92. The company has a 50-day moving average of $24.99 and a 200 day moving average of $26.78. The firm has a market cap of $6.58 billion, a PE ratio of -22.92, a price-to-earnings-growth ratio of 1.83 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The business had revenue of $674.17 million during the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. Americold Realty Trust’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. As a group, research analysts anticipate that Americold Realty Trust will post 1.38 EPS for the current fiscal year.

Insider Activity

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the sale, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. This represents a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

Institutional Trading of Americold Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Americold Realty Trust by 30.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after acquiring an additional 3,602,337 shares during the period. FMR LLC grew its holdings in shares of Americold Realty Trust by 40.8% during the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after buying an additional 3,844,603 shares in the last quarter. Darlington Partners Capital Management LP grew its stake in Americold Realty Trust by 15.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after acquiring an additional 1,183,571 shares in the last quarter. PGGM Investments purchased a new stake in shares of Americold Realty Trust in the second quarter valued at approximately $114,436,000. Finally, Long Pond Capital LP lifted its position in Americold Realty Trust by 2.9% during the second quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock worth $112,001,000 after buying an additional 123,440 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

About Americold Realty Trust

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.