Americold Realty Trust (NYSE:COLD) Lowered to "Neutral" Rating by BNP Paribas Exane

Americold Realty Trust (NYSE:COLD - Get Free Report) was downgraded by stock analysts at BNP Paribas Exane from an "outperform" rating to a "neutral" rating in a report issued on Thursday, Marketbeat.com reports. They presently have a $18.00 price objective on the stock. BNP Paribas Exane's price objective would indicate a potential upside of 6.80% from the company's current price.

COLD has been the topic of several other research reports. Barclays upgraded Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Scotiabank restated a "sector perform" rating and set a $20.00 price target on shares of Americold Realty Trust in a report on Thursday, May 15th. Robert W. Baird reduced their price target on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Wells Fargo & Company reduced their price target on 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, Citigroup reduced 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. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $25.42.

Americold Realty Trust Price Performance

NYSE COLD traded down $0.53 during trading hours on Thursday, reaching $16.85. 2,215,527 shares of the stock traded hands, compared to its average volume of 2,293,866. The stock has a 50 day simple moving average of $18.23 and a two-hundred day simple moving average of $20.50. Americold Realty Trust has a 1 year low of $16.11 and a 1 year high of $30.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $4.80 billion, a price-to-earnings ratio of -49.57, a price-to-earnings-growth ratio of 1.66 and a beta of 0.84.

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

Insider Buying and Selling at Americold Realty Trust

In other news, CEO George F. Jr. Chappelle acquired 110,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the acquisition, the chief executive officer now directly owns 110,000 shares in the company, valued at approximately $1,978,900. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jay Wells acquired 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $17.91 per share, with a total value of $179,100.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at $179,100. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in COLD. Brown Brothers Harriman & Co. purchased a new stake in Americold Realty Trust in the 4th quarter worth about $25,000. GKV Capital Management Co. Inc. acquired a new stake in Americold Realty Trust in the first quarter valued at approximately $36,000. Parallel Advisors LLC lifted its stake in shares of Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after buying an additional 847 shares during the period. Assetmark Inc. lifted its stake in shares of Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after buying an additional 826 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in shares of Americold Realty Trust by 1,081.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock worth $48,000 after buying an additional 2,033 shares during the period. 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.