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

Americold Realty Trust (NYSE:COLD - Get Free Report) had its price objective reduced by analysts at KeyCorp from $30.00 to $23.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price objective would indicate a potential upside of 36.26% from the company's current price.

Several other brokerages have also recently issued reports on COLD. JPMorgan Chase & Co. cut Americold Realty Trust from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. Scotiabank reiterated a "sector perform" rating and issued a $20.00 price target on shares of Americold Realty Trust in a research note on Thursday, May 15th. Citigroup lowered their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Wells Fargo & Company reduced their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Finally, BNP Paribas Exane lowered Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 target price on the stock. in a report on Thursday, June 12th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Americold Realty Trust currently has an average rating of "Moderate Buy" and an average target price of $24.00.

Americold Realty Trust Stock Down 0.6%

COLD traded down $0.10 during trading hours on Tuesday, hitting $16.88. 1,067,060 shares of the company's stock were exchanged, compared to its average volume of 2,360,120. Americold Realty Trust has a 12-month low of $16.11 and a 12-month high of $30.45. The firm has a 50 day moving average of $17.42 and a 200 day moving average of $19.90. The firm has a market cap of $4.81 billion, a P/E ratio of -39.25, a price-to-earnings-growth ratio of 1.99 and a beta of 0.84. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted 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 business had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The business's revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. Analysts predict that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Insider Transactions at Americold Realty Trust

In other news, CEO George F. Jr. Chappelle acquired 110,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the acquisition, the chief executive officer owned 110,000 shares of the company's stock, valued at $1,978,900. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jay Wells bought 10,000 shares of the stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the transaction, the chief financial officer owned 10,000 shares of the company's stock, valued at approximately $179,100. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Americold Realty Trust

A number of institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in Americold Realty Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock valued at $26,237,000 after acquiring an additional 29,580 shares during the period. Versor Investments LP purchased a new position in shares of Americold Realty Trust in the 4th quarter valued at approximately $302,000. US Bancorp DE grew its stake in shares of Americold Realty Trust by 18.4% in the 4th quarter. US Bancorp DE now owns 109,302 shares of the company's stock valued at $2,339,000 after purchasing an additional 16,983 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Americold Realty Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 29,975 shares of the company's stock valued at $641,000 after purchasing an additional 3,062 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Americold Realty Trust by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company's stock valued at $88,932,000 after purchasing an additional 255,632 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

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.