Citigroup Has Lowered Expectations for Americold Realty Trust (NYSE:COLD) Stock Price

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

Other equities analysts have also recently issued reports about the company. Truist Financial reduced 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. Scotiabank boosted their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the stock a "sector outperform" rating in a report on Monday, March 10th. Finally, Raymond James decreased their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.82.

Americold Realty Trust Stock Down 0.6 %

COLD traded down $0.12 during midday trading on Friday, reaching $21.48. 527,284 shares of the company were exchanged, compared to its average volume of 2,049,257. The company has a market cap of $6.11 billion, a price-to-earnings ratio of -63.17, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. Americold Realty Trust has a one year low of $20.41 and a one year high of $30.45. The company's fifty day moving average price is $21.80 and its 200 day moving average price is $23.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

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Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The company had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. As a group, analysts expect that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The company also recently announced 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 represents a $0.92 annualized dividend and a dividend yield of 4.28%. This is a boost from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 28th. Americold Realty Trust's payout ratio is -270.59%.

Institutional Trading of Americold Realty Trust

A number of large investors have recently made changes to their positions in COLD. Natixis Advisors LLC increased its position in Americold Realty Trust by 7.0% during the third quarter. Natixis Advisors LLC now owns 53,053 shares of the company's stock valued at $1,500,000 after acquiring an additional 3,456 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Americold Realty Trust during the 3rd quarter worth about $1,696,000. Moors & Cabot Inc. grew its holdings in Americold Realty Trust by 4.0% during the 3rd quarter. Moors & Cabot Inc. now owns 18,040 shares of the company's stock valued at $510,000 after purchasing an additional 700 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Americold Realty Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company's stock valued at $110,255,000 after purchasing an additional 165,667 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Americold Realty Trust by 87.2% in the 3rd quarter. Cerity Partners LLC now owns 54,873 shares of the company's stock worth $1,551,000 after purchasing an additional 25,554 shares during the period. 98.14% of the stock is currently 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.