Americold Realty Trust (NYSE:COLD) Price Target Cut to $25.00 by Analysts at Citigroup

Americold Realty Trust (NYSE:COLD) had its target price trimmed by Citigroup from $30.00 to $25.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

COLD has been the subject of several other reports. Barclays lowered their target price on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Royal Bank of Canada lowered their target price on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Evercore ISI lifted their target price on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Scotiabank lifted their target price on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company lifted their target price on 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. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.08.

Americold Realty Trust Trading Down 1.1 %

Americold Realty Trust stock opened at $22.85 on Wednesday. The business has a 50 day moving average price of $25.21 and a two-hundred day moving average price of $26.83. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of -22.62, a price-to-earnings-growth ratio of 1.83 and a beta of 0.59. Americold Realty Trust has a 12 month low of $21.53 and a 12 month high of $30.92.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. During the same period last year, the company earned $0.32 EPS. The company’s revenue was up .9% on a year-over-year basis. As a group, equities analysts forecast that Americold Realty Trust will post 1.38 EPS for the current year.

Hedge Funds Weigh In On Americold Realty Trust

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in shares of Americold Realty Trust by 30.8% in the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after purchasing an additional 3,602,337 shares during the last quarter. FMR LLC grew its position in shares of Americold Realty Trust by 40.8% in 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 last quarter. Darlington Partners Capital Management LP grew its position in shares of Americold Realty Trust by 15.1% in the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after purchasing an additional 1,183,571 shares during the last quarter. PGGM Investments acquired a new position in shares of Americold Realty Trust in the second quarter valued at approximately $114,436,000. Finally, Long Pond Capital LP grew its position in shares of Americold Realty Trust by 2.9% in the second quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock valued at $112,001,000 after purchasing an additional 123,440 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

About Americold Realty Trust

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.