Truist Trims Americold Realty Trust (NYSE:COLD) Target Price to $39.00

Americold Realty Trust (NYSE:COLD) had its price target decreased by Truist from $42.00 to $39.00 in a research report released on Tuesday, The Fly reports. Truist currently has a buy rating on the stock.

Several other research analysts have also issued reports on COLD. Citigroup lowered Americold Realty Trust from a buy rating to a neutral rating and set a $41.00 target price for the company. in a research report on Monday, August 9th. Robert W. Baird lowered their price objective on Americold Realty Trust from $45.00 to $42.00 and set an outperform rating for the company in a research report on Wednesday, August 25th. Raymond James lowered Americold Realty Trust from an outperform rating to a market perform rating in a research report on Friday, August 6th. Zacks Investment Research lowered Americold Realty Trust from a buy rating to a hold rating in a research report on Tuesday, July 13th. Finally, Barclays began coverage on Americold Realty Trust in a research report on Wednesday, September 1st. They issued an underweight rating and a $38.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $41.17.

Shares of NYSE:COLD opened at $31.62 on Tuesday. The firm has a market cap of $8.26 billion, a P/E ratio of -121.62, a P/E/G ratio of 17.96 and a beta of 0.12. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.06. Americold Realty Trust has a 12-month low of $31.62 and a 12-month high of $40.85. The business has a fifty day simple moving average of $37.26 and a 200 day simple moving average of $37.98.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Wednesday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.15). Americold Realty Trust had a negative return on equity of 1.76% and a negative net margin of 2.57%. As a group, equities research analysts expect that Americold Realty Trust will post 1.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.78%. Americold Realty Trust’s payout ratio is presently 68.22%.

Several hedge funds and other institutional investors have recently made changes to their positions in COLD. First Trust Advisors LP raised its holdings in shares of Americold Realty Trust by 672.3% in the 1st quarter. First Trust Advisors LP now owns 152,274 shares of the company’s stock worth $4,646,000 after purchasing an additional 132,558 shares during the period. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Americold Realty Trust by 221.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 328,694 shares of the company’s stock worth $10,028,000 after purchasing an additional 226,443 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Americold Realty Trust by 13.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 76,939 shares of the company’s stock worth $2,872,000 after purchasing an additional 9,045 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Americold Realty Trust by 30.5% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 87,899 shares of the company’s stock worth $3,381,000 after purchasing an additional 20,532 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Americold Realty Trust by 11.5% in the 1st quarter. Rhumbline Advisers now owns 291,697 shares of the company’s stock worth $11,222,000 after purchasing an additional 30,120 shares during the period.

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 firm’s real estate portfolio.

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