Americold Realty Trust (NYSE:COLD) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Americold Realty Trust (NYSE:COLD) from an overweight rating to a neutral rating in a report released on Monday morning, MarketBeat reports. They currently have $21.00 price objective on the stock, down from their prior price objective of $24.00.

A number of other research firms also recently weighed in on COLD. Robert W. Baird reduced their target price on shares of Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Barclays raised Americold Realty Trust from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. 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. Citigroup cut their target price 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. Finally, Wells Fargo & Company dropped 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. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.67.

Americold Realty Trust Trading Down 4.3%

Shares of COLD opened at $16.62 on Monday. Americold Realty Trust has a 1-year low of $16.11 and a 1-year high of $30.45. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $17.87 and its 200-day moving average price is $20.19. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of -38.65, a PEG ratio of 1.64 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. 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 previous year, the firm posted $0.37 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend is Monday, June 30th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -213.95%.

Insider Buying and Selling

In other Americold Realty Trust news, CFO Jay Wells acquired 10,000 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at $179,100. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George F. Jr. Chappelle acquired 110,000 shares of Americold Realty Trust stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the purchase, the chief executive officer now directly owns 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 disclosure for this purchase can be found here. 0.23% of the stock is owned by insiders.

Hedge Funds Weigh In On Americold Realty Trust

Several large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new position in Americold Realty Trust during the 4th quarter valued at about $25,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Americold Realty Trust in the first quarter worth approximately $36,000. Parallel Advisors LLC raised its holdings in shares of Americold Realty Trust by 68.1% in 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 1st quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after acquiring an additional 826 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Americold Realty Trust by 1,081.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after acquiring an additional 2,033 shares during the last quarter. 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.