Americold Realty Trust (NYSE:COLD) Stock Rating Lowered by Wall Street Zen

Americold Realty Trust (NYSE:COLD - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Several other research firms have also issued reports on COLD. Zacks Research lowered Americold Realty Trust from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. Barclays reduced their target price on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Robert W. Baird reduced their price objective on Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 13th. BNP Paribas Exane lowered Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $15.00 price objective (down from $17.00) on shares of Americold Realty Trust in a research note on Tuesday, September 23rd. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $18.67.

Americold Realty Trust Price Performance

Shares of COLD opened at $12.98 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a 50 day simple moving average of $14.16 and a 200 day simple moving average of $16.78. Americold Realty Trust has a 52-week low of $11.90 and a 52-week high of $27.68. The firm has a market capitalization of $3.70 billion, a PE ratio of -68.32, a P/E/G ratio of 3.93 and a beta of 0.81.

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 (EPS) for the quarter, topping 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 analysts' expectations of $644.95 million. During the same quarter in the prior year, the business posted $0.38 EPS. The business's revenue was down 1.5% compared to the same quarter last year. Sell-side analysts predict that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Americold Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its position in shares of Americold Realty Trust by 49,833.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company's stock worth $25,000 after acquiring an additional 1,495 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company's stock valued at $27,000 after buying an additional 806 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in Americold Realty Trust during the 1st quarter valued at approximately $36,000. EverSource Wealth Advisors LLC increased its position in Americold Realty Trust by 252.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company's stock valued at $37,000 after buying an additional 1,593 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its position in Americold Realty Trust by 10,869.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company's stock valued at $42,000 after buying an additional 2,500 shares in the last quarter. 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.

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