KeyCorp Cuts Americold Realty Trust (NYSE:COLD) Price Target to $23.00

Americold Realty Trust (NYSE:COLD - Get Free Report) had its price target lowered by investment analysts at KeyCorp from $30.00 to $23.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's target price would indicate a potential upside of 37.35% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 price objective on shares of Americold Realty Trust in a research report on Thursday, May 15th. Robert W. Baird decreased their price target on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Wells Fargo & Company dropped their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $24.00 to $21.00 in a report on Monday, June 23rd. Finally, BNP Paribas Exane downgraded shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Thursday, June 12th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Americold Realty Trust Price Performance

Shares of NYSE:COLD traded up $0.10 on Tuesday, hitting $16.75. The company had a trading volume of 1,266,932 shares, compared to its average volume of 2,334,390. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. The company has a market cap of $4.77 billion, a PE ratio of -38.93, a PEG ratio of 1.96 and a beta of 0.84. Americold Realty Trust has a 52-week low of $16.11 and a 52-week high of $30.45. The business has a 50 day moving average of $17.61 and a 200 day moving average of $20.00.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. The firm had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. During the same period in the previous year, the firm posted $0.37 EPS. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, CFO Jay Wells acquired 10,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $17.91 per share, with a total value of $179,100.00. Following the completion of the transaction, the chief financial officer directly owned 10,000 shares of the company's stock, valued at approximately $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 this hyperlink. Also, CEO George F. Jr. Chappelle bought 110,000 shares of Americold Realty Trust stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $17.99 per share, for a total transaction of $1,978,900.00. Following the acquisition, the chief executive officer directly owned 110,000 shares in the company, valued at approximately $1,978,900. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is owned by insiders.

Institutional Investors Weigh In On Americold Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cohen & Steers Inc. raised its holdings in shares of Americold Realty Trust by 16.3% during the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock valued at $617,085,000 after buying an additional 4,049,374 shares during the period. Norges Bank acquired a new stake in Americold Realty Trust in the fourth quarter valued at approximately $478,674,000. Principal Financial Group Inc. raised its stake in shares of Americold Realty Trust by 7.8% during the first quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company's stock valued at $347,167,000 after purchasing an additional 1,169,063 shares during the period. FMR LLC lifted its position in shares of Americold Realty Trust by 0.9% during the fourth quarter. FMR LLC now owns 13,382,883 shares of the company's stock worth $286,394,000 after purchasing an additional 121,452 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock worth $136,698,000 after purchasing an additional 3,427,083 shares in the last quarter. 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.