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Americold Realty Trust (NYSE:COLD) Price Target Cut to $28.00 by Analysts at Robert W. Baird

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Americold Realty Trust (NYSE:COLD - Free Report) had its price objective trimmed by Robert W. Baird from $31.00 to $28.00 in a report issued on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

COLD has been the topic of a number of other research reports. Evercore ISI upped their target price on Americold Realty Trust from $33.00 to $34.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Scotiabank raised their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Wells Fargo & Company boosted their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. Truist Financial lifted their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a "buy" rating in a report on Friday, August 16th. Finally, Barclays raised their target price on Americold Realty Trust from $25.00 to $28.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.91.

Get Our Latest Analysis on Americold Realty Trust

Americold Realty Trust Stock Performance

COLD stock traded down $0.41 during midday trading on Friday, reaching $22.76. The stock had a trading volume of 2,308,206 shares, compared to its average volume of 2,185,690. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a fifty day simple moving average of $27.48 and a two-hundred day simple moving average of $26.82. The stock has a market cap of $6.47 billion, a PE ratio of -22.92, a P/E/G ratio of 1.71 and a beta of 0.61. Americold Realty Trust has a 52-week low of $21.87 and a 52-week high of $30.92.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.54). The business had revenue of $660.96 million for the quarter, compared to analysts' expectations of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, equities research analysts anticipate that Americold Realty Trust will post 1.39 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 3.87%. Americold Realty Trust's dividend payout ratio is currently -87.13%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Assetmark Inc. boosted its position in shares of Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company's stock worth $28,000 after buying an additional 961 shares during the period. GAMMA Investing LLC boosted its holdings in Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company's stock valued at $32,000 after acquiring an additional 735 shares during the period. Blue Trust Inc. grew its position in Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company's stock valued at $75,000 after acquiring an additional 2,891 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Americold Realty Trust in the 2nd quarter valued at about $85,000. Finally, Signaturefd LLC increased its stake in Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company's stock worth $102,000 after purchasing an additional 740 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.

About Americold Realty Trust

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Americold Realty Trust (NYSE:COLD)

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