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

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

Several other research analysts have also commented on the company. Evercore ISI boosted their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Scotiabank boosted their price target on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Truist Financial raised their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Barclays upped their target price on shares of 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. Finally, Wells Fargo & Company raised their price target on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.73.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $21.82 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 current ratio of 0.15, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.20 billion, a PE ratio of -21.60, a price-to-earnings-growth ratio of 1.76 and a beta of 0.61. The firm’s 50 day simple moving average is $26.67 and its 200 day simple moving average is $26.85.

Americold Realty Trust (NYSE:COLD) last released 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). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. During the same period in the previous year, the company posted $0.32 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts expect that Americold Realty Trust will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COLD. PGGM Investments bought a new stake in shares of Americold Realty Trust in the second quarter worth about $114,436,000. Long Pond Capital LP purchased a new stake in Americold Realty Trust in the 1st quarter worth approximately $106,206,000. FMR LLC grew its position in shares of Americold Realty Trust by 40.8% in the 3rd 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 during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Americold Realty Trust by 30.8% during the second 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 in the last quarter. Finally, V3 Capital Management L.P. lifted its stake in Americold Realty Trust by 181.5% in the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after acquiring an additional 1,680,275 shares during the period. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

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.