Americold Realty Trust (NYSE:COLD) Rating Lowered to “Sell” at Wall Street Zen

Americold Realty Trust (NYSE:COLD) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other research firms have also issued reports on COLD. KeyCorp reduced their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday. BNP Paribas Exane downgraded Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Thursday, June 12th. Truist Financial decreased their price objective on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Zacks Research cut Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. Finally, Royal Bank Of Canada reduced their price target on Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. 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 stock. Based on data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $18.67.

Americold Realty Trust Price Performance

Shares of COLD opened at $12.98 on Friday. Americold Realty Trust has a 12 month low of $11.90 and a 12 month high of $27.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a fifty day moving average price of $14.16 and a 200 day moving average price of $16.70. The company has a market cap of $3.70 billion, a P/E ratio of -68.32, a PEG ratio of 4.14 and a beta of 0.81.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating 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 period last year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, research analysts forecast that Americold Realty Trust will post 1.47 earnings per share for the current year.

Institutional Trading of Americold Realty Trust

Institutional investors have recently modified their holdings of the company. Entropy Technologies LP acquired a new position in Americold Realty Trust during the first quarter worth about $494,000. Vision Capital Corp boosted its position in shares of Americold Realty Trust by 3.6% during the 1st quarter. Vision Capital Corp now owns 1,237,320 shares of the company’s stock valued at $26,553,000 after purchasing an additional 42,600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Americold Realty Trust by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock worth $90,766,000 after purchasing an additional 73,856 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Americold Realty Trust by 2.8% in the 1st quarter. Earnest Partners LLC now owns 2,595,058 shares of the company’s stock worth $55,690,000 after purchasing an additional 71,069 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Americold Realty Trust by 14.8% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,786,323 shares of the company’s stock worth $59,794,000 after purchasing an additional 358,694 shares in the last quarter. Institutional investors and hedge funds 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.