Americold Realty Trust (NYSE:COLD) Given New $19.00 Price Target at Evercore ISI

Americold Realty Trust (NYSE:COLD) had its price target trimmed by Evercore ISI from $22.00 to $19.00 in a research note released on Monday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also commented on the company. Wells Fargo & Company reduced their target price on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. JPMorgan Chase & Co. downgraded Americold Realty Trust from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $24.00 to $21.00 in a report on Monday, June 23rd. BNP Paribas Exane lowered Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Thursday, June 12th. KeyCorp dropped their price target on shares of Americold Realty Trust from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, July 1st. Finally, Robert W. Baird reduced their price target on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Americold Realty Trust Stock Down 2.1%

NYSE:COLD opened at $13.19 on Monday. The firm has a market cap of $3.76 billion, a P/E ratio of -69.44, a P/E/G ratio of 4.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. Americold Realty Trust has a fifty-two week low of $13.10 and a fifty-two week high of $29.50. The firm has a 50-day simple moving average of $15.41 and a two-hundred day simple moving average of $17.86.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The firm had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.0%. Americold Realty Trust’s payout ratio is presently -484.21%.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its holdings in Americold Realty Trust by 59.4% during the second quarter. Osaic Holdings Inc. now owns 6,803 shares of the company’s stock valued at $116,000 after purchasing an additional 2,535 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after buying an additional 806 shares during the period. FORA Capital LLC lifted its position in shares of Americold Realty Trust by 93.4% during the 2nd quarter. FORA Capital LLC now owns 18,940 shares of the company’s stock valued at $315,000 after buying an additional 9,147 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Americold Realty Trust by 128.8% during the 2nd quarter. Headlands Technologies LLC now owns 6,545 shares of the company’s stock valued at $109,000 after acquiring an additional 3,684 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Americold Realty Trust by 11.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 468,287 shares of the company’s stock worth $7,787,000 after acquiring an additional 48,737 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

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.