Americold Realty Trust (NYSE:COLD) Given New $26.00 Price Target at Barclays

Americold Realty Trust (NYSE:COLD) had its price target lowered by Barclays from $28.00 to $26.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other analysts have also recently commented on the company. Royal Bank of Canada lowered their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Robert W. Baird dropped their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company raised their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Truist Financial boosted their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $30.55.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $22.88 on Monday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.50 billion, a PE ratio of -22.83, a PEG ratio of 1.74 and a beta of 0.61. Americold Realty Trust has a 12-month low of $21.53 and a 12-month high of $30.92. The business’s fifty day simple moving average is $26.25 and its 200-day simple moving average is $26.84.

Americold Realty Trust (NYSE:COLD) last released its quarterly 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 net margin of 10.63% and a negative return on equity of 8.08%. The business had revenue of $674.17 million during the quarter, compared to analysts’ expectations of $663.87 million. During the same quarter last year, the business posted $0.32 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. Analysts expect that Americold Realty Trust will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.85%. Americold Realty Trust’s dividend payout ratio (DPR) is -87.13%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. PGGM Investments purchased a new stake in Americold Realty Trust during the second quarter worth approximately $114,436,000. Long Pond Capital LP acquired a new position in shares of Americold Realty Trust during the first quarter worth approximately $106,206,000. FMR LLC increased its holdings in shares of Americold Realty Trust by 40.8% during the third 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 period. Principal Financial Group Inc. increased its stake in 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 buying an additional 3,602,337 shares during the period. Finally, V3 Capital Management L.P. raised its holdings in Americold Realty Trust by 181.5% during the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after purchasing an additional 1,680,275 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.