Americold Realty Trust (NYSE:COLD) Downgraded to "Neutral" Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Americold Realty Trust (NYSE:COLD - Free Report) from an overweight rating to a neutral rating in a report published on Monday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has $21.00 target price on the stock, down from their prior target price of $24.00.

A number of other equities research analysts also recently commented on the company. Citigroup reduced their target price on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Scotiabank reissued a "sector perform" rating and set a $20.00 price objective on shares of Americold Realty Trust in a report on Thursday, May 15th. BNP Paribas Exane lowered shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research report on Thursday, June 12th. Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. Finally, 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. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust has an average rating of "Moderate Buy" and an average price target of $24.67.

Americold Realty Trust Stock Performance

COLD traded up $0.29 during trading on Monday, hitting $16.86. The stock had a trading volume of 4,100,320 shares, compared to its average volume of 2,313,086. Americold Realty Trust has a twelve month low of $16.11 and a twelve month high of $30.45. The firm has a market capitalization of $4.80 billion, a P/E ratio of -39.21, a PEG ratio of 1.56 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.13 and a current ratio of 0.13. The company's 50-day moving average price is $17.80 and its 200 day moving average price is $20.14.

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

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.46%. Americold Realty Trust's dividend payout ratio is currently -213.95%.

Insider Buying and Selling

In related news, CFO Jay Wells acquired 10,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $179,100. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO George F. Jr. Chappelle acquired 110,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the acquisition, the chief executive officer now 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 disclosure for this purchase can be found here. 0.23% of the stock is owned by company insiders.

Institutional Trading of Americold Realty Trust

A number of institutional investors have recently modified their holdings of the company. Voya Investment Management LLC lifted its position in Americold Realty Trust by 2.9% during the first quarter. Voya Investment Management LLC now owns 35,512 shares of the company's stock valued at $762,000 after buying an additional 1,001 shares in the last quarter. Anson Funds Management LP raised its stake in shares of Americold Realty Trust by 48.8% in the 1st quarter. Anson Funds Management LP now owns 202,906 shares of the company's stock valued at $4,354,000 after acquiring an additional 66,576 shares during the period. Strs Ohio acquired a new position in shares of Americold Realty Trust during the 1st quarter valued at $7,479,000. Jane Street Group LLC lifted its holdings in shares of Americold Realty Trust by 8.7% during the 1st quarter. Jane Street Group LLC now owns 71,335 shares of the company's stock valued at $1,531,000 after acquiring an additional 5,693 shares in the last quarter. Finally, Woodline Partners LP boosted its position in Americold Realty Trust by 42.7% during the 1st quarter. Woodline Partners LP now owns 1,791,513 shares of the company's stock worth $38,446,000 after purchasing an additional 536,435 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.