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

Americold Realty Trust (NYSE:COLD) had its price target reduced by investment analysts at Citigroup from $25.00 to $23.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 7.65% from the company’s current price.

A number of other research firms have also issued reports on COLD. Truist Financial decreased their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Scotiabank boosted their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 10th. Finally, Raymond James cut their target price on shares of 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Americold Realty Trust has an average rating of “Moderate Buy” and an average target price of $29.08.

Americold Realty Trust Trading Down 2.3 %

NYSE:COLD traded down $0.51 during trading hours on Friday, reaching $21.37. 737,635 shares of the stock were exchanged, compared to its average volume of 2,048,576. Americold Realty Trust has a twelve month low of $20.41 and a twelve month high of $30.45. The business has a 50-day moving average of $21.78 and a two-hundred day moving average of $23.88. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of -62.79, a PEG ratio of 1.66 and a beta of 0.57. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

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

Hedge Funds Weigh In On Americold Realty Trust

Several large investors have recently bought and sold shares of the stock. Cohen & Steers Inc. increased its position in shares of Americold Realty Trust by 16.3% during the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock worth $617,085,000 after purchasing an additional 4,049,374 shares in the last quarter. Norges Bank acquired a new position in Americold Realty Trust during the fourth quarter worth approximately $478,674,000. FMR LLC lifted its stake in Americold Realty Trust by 0.9% in the fourth quarter. FMR LLC now owns 13,382,883 shares of the company’s stock valued at $286,394,000 after buying an additional 121,452 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in Americold Realty Trust by 115.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock valued at $136,698,000 after buying an additional 3,427,083 shares during the last quarter. Finally, PGGM Investments boosted its holdings in shares of Americold Realty Trust by 13.4% in the fourth quarter. PGGM Investments now owns 5,558,936 shares of the company’s stock valued at $118,961,000 after acquiring an additional 655,782 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

About Americold Realty Trust

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.