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

Americold Realty Trust (NYSE:COLD) had its target price lowered by equities researchers at Citigroup from $25.00 to $23.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 7.65% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. Raymond James dropped their price target 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. Truist Financial cut their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Finally, Scotiabank lifted their price target on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.08.

Americold Realty Trust Stock Performance

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

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.27. The firm had revenue of $666.44 million during 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%. Equities analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Americold Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of COLD. Cohen & Steers Inc. raised its position in shares of Americold Realty Trust by 16.3% during the 4th 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 last quarter. Norges Bank purchased a new position in Americold Realty Trust during the fourth quarter worth $478,674,000. FMR LLC raised its holdings in shares of Americold Realty Trust by 0.9% in the fourth quarter. FMR LLC now owns 13,382,883 shares of the company’s stock worth $286,394,000 after acquiring an additional 121,452 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of 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 acquiring an additional 3,427,083 shares in the last quarter. Finally, PGGM Investments lifted its position 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 in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.