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

Americold Realty Trust (NYSE:COLD - Free Report) had its target price cut by Raymond James from $31.00 to $27.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

COLD has been the subject of several other research reports. Robert W. Baird decreased their price objective on Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Truist Financial lowered their price objective on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Evercore ISI raised their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Citigroup decreased their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, December 4th. Finally, Barclays dropped their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.17.

Americold Realty Trust Stock Performance

COLD traded up $0.10 on Wednesday, reaching $22.76. 1,945,422 shares of the stock were exchanged, compared to its average volume of 2,187,579. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company's 50-day moving average price is $24.79 and its 200 day moving average price is $26.77. The firm has a market capitalization of $6.47 billion, a PE ratio of -22.43, a PEG ratio of 1.83 and a beta of 0.59. Americold Realty Trust has a fifty-two week low of $21.53 and a fifty-two week high of $30.92.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. During the same period last year, the firm earned $0.32 EPS. The company's revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Americold Realty Trust will post 1.38 EPS for the current fiscal year.

Insider Activity at Americold Realty Trust

In related news, SVP Robert E. Harris sold 1,836 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the transaction, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of Americold Realty Trust by 30.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company's stock valued at $390,783,000 after acquiring an additional 3,602,337 shares during the last quarter. FMR LLC boosted its holdings in Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company's stock valued at $374,901,000 after purchasing an additional 3,844,603 shares during the last quarter. Darlington Partners Capital Management LP grew its stake in shares of Americold Realty Trust by 15.1% in the 2nd quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company's stock valued at $230,321,000 after buying an additional 1,183,571 shares during the period. Long Pond Capital LP increased its holdings in shares of Americold Realty Trust by 2.9% during the 2nd quarter. Long Pond Capital LP now owns 4,385,307 shares of the company's stock worth $112,001,000 after buying an additional 123,440 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 buying an additional 165,667 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.