Citigroup Cuts Americold Realty Trust (NYSE:COLD) Price Target to $23.00

Americold Realty Trust (NYSE:COLD) had its target price reduced by Citigroup from $25.00 to $23.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also recently issued reports on the company. Scotiabank raised their target price on Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 10th. Truist Financial cut their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Finally, Raymond James cut their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.82.

Americold Realty Trust Stock Down 2.7 %

COLD opened at $21.29 on Friday. The company has a market cap of $6.05 billion, a P/E ratio of -62.60, a P/E/G ratio of 1.66 and a beta of 0.57. The business’s 50-day moving average price is $21.79 and its 200-day moving average price is $23.75. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust has a 12 month low of $20.41 and a 12 month high of $30.45.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.10 by $0.27. The firm had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. On average, equities analysts expect that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.32%. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 28th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -270.59%.

Hedge Funds Weigh In On Americold Realty Trust

Large investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd lifted its holdings in shares of Americold Realty Trust by 139.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock valued at $1,322,000 after purchasing an additional 35,973 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Americold Realty Trust by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after purchasing an additional 165,667 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Americold Realty Trust by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company’s stock valued at $26,237,000 after purchasing an additional 29,580 shares during the last quarter. TCW Group Inc. lifted its holdings in shares of Americold Realty Trust by 21.6% during the fourth quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock valued at $1,731,000 after purchasing an additional 14,386 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Americold Realty Trust by 18.4% during the fourth quarter. US Bancorp DE now owns 109,302 shares of the company’s stock valued at $2,339,000 after purchasing an additional 16,983 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other 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.