Americold Realty Trust’s (COLD) Sector Perform Rating Reiterated at Scotiabank

Americold Realty Trust (NYSE:COLD)‘s stock had its “sector perform” rating reissued by Scotiabank in a note issued to investors on Thursday,Benzinga reports. They presently have a $20.00 price objective on the stock. Scotiabank’s price target would indicate a potential upside of 12.30% from the company’s current price.

COLD has been the topic of several other research reports. Citigroup lowered their price target on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Barclays upgraded shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $26.00 to $21.00 in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust has an average rating of “Moderate Buy” and an average price target of $27.64.

Americold Realty Trust Price Performance

COLD stock opened at $17.81 on Thursday. The firm has a 50 day moving average of $19.96 and a 200-day moving average of $21.56. The firm has a market capitalization of $5.07 billion, a P/E ratio of -52.38, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. Americold Realty Trust has a 12 month low of $16.56 and a 12 month high of $30.45. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share. As a group, sell-side analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Insider Transactions at Americold Realty Trust

In related news, CFO Jay Wells purchased 10,000 shares of Americold Realty Trust stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at $179,100. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George F. Jr. Chappelle acquired 110,000 shares of the stock in a transaction on Monday, May 12th. The stock was bought at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the transaction, the chief executive officer now directly owns 110,000 shares of the company’s stock, valued at approximately $1,978,900. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. Xponance Inc. raised its stake in shares of Americold Realty Trust by 4.5% during the first quarter. Xponance Inc. now owns 13,561 shares of the company’s stock valued at $291,000 after acquiring an additional 581 shares during the last quarter. Janney Capital Management LLC increased its holdings in Americold Realty Trust by 5.5% during the 1st quarter. Janney Capital Management LLC now owns 11,913 shares of the company’s stock valued at $256,000 after purchasing an additional 618 shares during the period. Signaturefd LLC raised its position in Americold Realty Trust by 16.9% during the 1st quarter. Signaturefd LLC now owns 4,431 shares of the company’s stock valued at $95,000 after purchasing an additional 640 shares during the last quarter. Arizona State Retirement System lifted its holdings in Americold Realty Trust by 0.8% in the 4th quarter. Arizona State Retirement System now owns 78,343 shares of the company’s stock worth $1,677,000 after buying an additional 644 shares during the period. Finally, Capital Insight Partners LLC lifted its holdings in Americold Realty Trust by 4.0% in the 1st quarter. Capital Insight Partners LLC now owns 17,706 shares of the company’s stock worth $380,000 after buying an additional 684 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.