Americold Realty Trust (NYSE:COLD) Given a $19.00 Price Target by Robert W. Baird Analysts

Key Points

• Analysts at Robert W. Baird have cut the price target for Americold Realty Trust from $23.00 to $19.00, while maintaining an "outperform" rating.
• Other analysts have also adjusted their ratings, with BNP Paribas Exane downgrading the stock to "neutral" and setting a target of $18.00.
• The company's recent earnings report showed earnings per share of $0.36, which was above analysts' estimates, but revenue has declined by 1.5% compared to the previous year.

Robert W. Baird set a $19.00 price target on Americold Realty Trust (NYSE:COLD - Free Report) in a research report released on Wednesday, Marketbeat.com reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Barclays reduced their price target on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. BNP Paribas Exane downgraded shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a research report on Thursday, June 12th. Scotiabank reiterated a "sector perform" rating and set a $20.00 price target on shares of Americold Realty Trust in a research report on Thursday, May 15th. Wells Fargo & Company reduced their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Finally, KeyCorp reduced their price target on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a research report on Tuesday, July 1st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $23.58.

Americold Realty Trust Stock Performance

COLD traded down $0.21 during trading on Wednesday, reaching $14.77. The company's stock had a trading volume of 2,649,644 shares, compared to its average volume of 3,975,105. Americold Realty Trust has a 52-week low of $14.23 and a 52-week high of $29.79. The company's fifty day moving average price is $16.43 and its 200-day moving average price is $18.82. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of -77.75, a price-to-earnings-growth ratio of 4.63 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.13 and a current ratio of 0.12.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%. The company had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. During the same quarter in the previous year, the company earned $0.38 EPS. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.2%. Americold Realty Trust's dividend payout ratio is presently -484.21%.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Americold Realty Trust by 49,833.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company's stock worth $25,000 after purchasing an additional 1,495 shares during the period. GKV Capital Management Co. Inc. purchased a new position in shares of Americold Realty Trust during the 1st quarter worth $36,000. EverSource Wealth Advisors LLC lifted its stake in shares of Americold Realty Trust by 252.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company's stock worth $37,000 after purchasing an additional 1,593 shares during the period. Whipplewood Advisors LLC lifted its stake in shares of Americold Realty Trust by 10,869.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company's stock worth $42,000 after purchasing an additional 2,500 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after purchasing an additional 847 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.

About Americold Realty Trust

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.