Americold Realty Trust (NYSE:COLD) Given New $23.00 Price Target at Citigroup

Americold Realty Trust (NYSE:COLD) had its price objective cut by Citigroup from $25.00 to $23.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued research reports about the stock. Raymond James lowered their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Truist Financial dropped their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Finally, Scotiabank raised their price target on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, March 10th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.08.

Americold Realty Trust Trading Down 2.7 %

Shares of COLD opened at $21.29 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market cap of $6.05 billion, a price-to-earnings ratio of -62.60, a PEG ratio of 1.66 and a beta of 0.57. The stock has a fifty day moving average price of $21.79 and a two-hundred day moving average price of $23.82. Americold Realty Trust has a 52-week low of $20.41 and a 52-week high of $30.45.

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

Americold Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a $0.23 dividend. 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. This represents a $0.92 annualized dividend and a dividend yield of 4.32%. Americold Realty Trust’s payout ratio is -258.82%.

Institutional Trading of Americold Realty Trust

Several hedge funds have recently added to or reduced their stakes in COLD. Brown Brothers Harriman & Co. bought a new stake in shares of Americold Realty Trust in the fourth quarter worth about $25,000. Venturi Wealth Management LLC grew its position in shares of Americold Realty Trust by 1,081.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after purchasing an additional 2,033 shares during the period. Loomis Sayles & Co. L P bought a new stake in Americold Realty Trust during the 3rd quarter worth approximately $55,000. Vestcor Inc acquired a new stake in Americold Realty Trust during the 4th quarter worth approximately $86,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at approximately $86,000. 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.