Americold Realty Trust (NYSE:COLD) Given New $23.00 Price Target at Robert W. Baird

Americold Realty Trust (NYSE:COLD) had its target price cut by Robert W. Baird from $27.00 to $23.00 in a research report released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the stock. Scotiabank restated a “sector perform” rating and set a $20.00 target price on shares of Americold Realty Trust in a research note on Thursday. Citigroup lowered their price target on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Finally, Barclays raised Americold Realty Trust from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.18.

Americold Realty Trust Stock Up 1.2%

Shares of NYSE:COLD opened at $18.21 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market capitalization of $5.18 billion, a PE ratio of -53.56, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The firm’s 50-day moving average is $19.82 and its two-hundred day moving average is $21.39. Americold Realty Trust has a 1 year low of $16.56 and a 1 year high of $30.45.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $628.98 million for the quarter, compared to analysts’ expectations of $667.18 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. Analysts predict that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were issued a $0.23 dividend. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend was Friday, March 28th. Americold Realty Trust’s dividend payout ratio is presently -213.95%.

Insider Activity

In related news, CFO Jay Wells purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $17.91 per share, with a total value of $179,100.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at $179,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the acquisition, the chief executive officer now owns 110,000 shares of the company’s stock, valued at approximately $1,978,900. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds have recently modified their holdings of the stock. Cohen & Steers Inc. lifted its holdings 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 during the period. Norges Bank acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth $478,674,000. Principal Financial Group Inc. lifted its holdings in shares of Americold Realty Trust by 7.8% during the first quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company’s stock worth $347,167,000 after purchasing an additional 1,169,063 shares during the period. FMR LLC lifted its holdings in shares of Americold Realty Trust by 0.9% during the fourth quarter. FMR LLC now owns 13,382,883 shares of the company’s stock worth $286,394,000 after purchasing an additional 121,452 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock worth $136,698,000 after purchasing an additional 3,427,083 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

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.