Royal Bank of Canada Issues Pessimistic Forecast for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its price objective trimmed by Royal Bank of Canada from $33.00 to $30.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research firms also recently weighed in on COLD. Evercore ISI increased their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Robert W. Baird decreased their price target on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. 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 research note on Friday, August 16th. Barclays increased their target price on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Finally, Scotiabank boosted their price target on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Americold Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $30.73.

Americold Realty Trust Price Performance

Shares of COLD opened at $21.85 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.16. Americold Realty Trust has a 1-year low of $21.53 and a 1-year high of $30.92. The stock has a market cap of $6.21 billion, a PE ratio of -21.63, a price-to-earnings-growth ratio of 1.76 and a beta of 0.61. The firm has a fifty day moving average price of $26.67 and a 200 day moving average price of $26.81.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The firm had revenue of $674.17 million during the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. As a group, sell-side analysts anticipate that Americold Realty Trust will post 1.39 EPS for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 4.03%. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Assetmark Inc. boosted its position in shares of Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after purchasing an additional 961 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares during the period. Loomis Sayles & Co. L P purchased a new stake in Americold Realty Trust during the third quarter worth about $55,000. Blue Trust Inc. grew its position in Americold Realty Trust by 2,727.4% during the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after buying an additional 2,891 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Americold Realty Trust in the second quarter valued at about $85,000. Hedge funds and other institutional investors 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.