Americold Realty Trust (NYSE:COLD) Cut to "Neutral" at 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 released on Monday morning, MarketBeat.com reports. They currently have $21.00 target price on the stock, down from their prior target price of $24.00.

Several other equities analysts have also weighed in on COLD. Citigroup reduced 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 research report on Friday, March 21st. Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 price target on shares of Americold Realty Trust in a report on Thursday, May 15th. Robert W. Baird dropped their price objective 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. BNP Paribas Exane lowered Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective for the company. in a report on Thursday, June 12th. Finally, Barclays upgraded Americold Realty Trust from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Americold Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $24.67.

Americold Realty Trust Stock Up 2.6%

Shares of COLD stock traded up $0.44 during trading hours on Monday, reaching $17.37. The company had a trading volume of 2,688,858 shares, compared to its average volume of 2,686,893. The business has a fifty day simple moving average of $17.97 and a 200-day simple moving average of $20.23. Americold Realty Trust has a 12 month low of $16.11 and a 12 month high of $30.45. The company has a market cap of $4.94 billion, a price-to-earnings ratio of -40.39, a price-to-earnings-growth ratio of 1.58 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.13 and a quick ratio of 0.13.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its 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). 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 the consensus estimate of $667.18 million. During the same period in the prior year, the business earned $0.37 EPS. Americold Realty Trust's quarterly revenue was down 5.4% compared to the same quarter last year. On average, research analysts expect that Americold Realty Trust will post 1.47 earnings per share 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. Stockholders of record on Monday, June 30th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.30%. Americold Realty Trust's dividend payout ratio (DPR) is currently -213.95%.

Insider Transactions at Americold Realty Trust

In other news, CEO George F. Jr. Chappelle bought 110,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the purchase, the chief executive officer now directly owns 110,000 shares in the company, valued at $1,978,900. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jay Wells bought 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the transaction, the chief financial officer now owns 10,000 shares in the company, valued at $179,100. This trade represents 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.

Hedge Funds Weigh In On Americold Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC grew its holdings in Americold Realty Trust by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 35,512 shares of the company's stock worth $762,000 after acquiring an additional 1,001 shares during the last quarter. Anson Funds Management LP grew its stake in shares of Americold Realty Trust by 48.8% in the first quarter. Anson Funds Management LP now owns 202,906 shares of the company's stock worth $4,354,000 after purchasing an additional 66,576 shares during the last quarter. Strs Ohio purchased a new position in Americold Realty Trust during the 1st quarter valued at about $7,479,000. Jane Street Group LLC raised its position in 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 purchasing an additional 5,693 shares during the last quarter. Finally, Woodline Partners LP lifted its holdings in Americold Realty Trust by 42.7% in the 1st quarter. Woodline Partners LP now owns 1,791,513 shares of the company's stock worth $38,446,000 after buying an additional 536,435 shares during the period. 98.14% of the stock is currently owned by institutional investors.

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.