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

Americold Realty Trust (NYSE:COLD) had its price objective decreased by Citigroup from $25.00 to $23.00 in a report released on Friday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

COLD has been the subject of several other research reports. Truist Financial cut their price objective 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. Raymond James cut their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Finally, Scotiabank raised their price objective on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 10th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.08.

Americold Realty Trust Trading Down 2.7 %

Shares of COLD stock opened at $21.29 on Friday. Americold Realty Trust has a 12 month low of $20.41 and a 12 month high of $30.45. The company has a market cap of $6.05 billion, a PE ratio of -62.60, a price-to-earnings-growth 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. The business’s 50 day moving average is $21.79 and its two-hundred day moving average is $23.82.

Americold Realty Trust (NYSE:COLD) last posted its 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. The business had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. Equities analysts predict that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, March 28th. Americold Realty Trust’s payout ratio is -258.82%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in COLD. Cohen & Steers Inc. grew its stake in shares of Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock valued at $617,085,000 after purchasing an additional 4,049,374 shares during the period. Norges Bank acquired a new stake in Americold Realty Trust in the 4th quarter valued at $478,674,000. FMR LLC grew its position 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 acquiring an additional 121,452 shares during the period. Alyeska Investment Group L.P. grew its position 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 acquiring an additional 3,427,083 shares during the period. Finally, PGGM Investments raised its stake in Americold Realty Trust by 13.4% during the fourth quarter. PGGM Investments now owns 5,558,936 shares of the company’s stock worth $118,961,000 after acquiring an additional 655,782 shares in the last quarter. 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.