Scotiabank Reaffirms “Sector Perform” Rating for Americold Realty Trust (NYSE:COLD)

Americold Realty Trust (NYSE:COLD)‘s stock had its “sector perform” rating restated by stock analysts at Scotiabank in a report issued on Thursday,Benzinga reports. They presently have a $20.00 price target on the stock. Scotiabank’s price objective suggests a potential upside of 12.30% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Citigroup dropped their price target on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Americold Realty Trust has an average rating of “Moderate Buy” and an average price target of $27.64.

Americold Realty Trust Trading Up 0.6%

Shares of COLD opened at $17.81 on Thursday. Americold Realty Trust has a 1-year low of $16.56 and a 1-year high of $30.45. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $19.96 and its 200-day moving average price is $21.56. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of -52.38, a PEG ratio of 1.66 and a beta of 0.95.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data 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 2.70% and a negative net margin of 3.54%. The company had revenue of $628.98 million during the quarter, compared to analysts’ expectations of $667.18 million. During the same quarter last year, the business earned $0.37 earnings per share. The business’s quarterly revenue was down 5.4% on a year-over-year basis. Sell-side analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current year.

Insider Buying and Selling at Americold Realty Trust

In other news, CFO Jay Wells bought 10,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares in the company, valued at approximately $179,100. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of Americold Realty Trust stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $17.99 per share, with a total value of $1,978,900.00. Following the transaction, the chief executive officer now directly owns 110,000 shares of the company’s stock, valued at $1,978,900. This represents 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.

Hedge Funds Weigh In On Americold Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Americold Realty Trust in the 4th quarter worth $25,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Americold Realty Trust during the first quarter valued at $36,000. Parallel Advisors LLC boosted its position in shares of Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock valued at $45,000 after buying an additional 847 shares during the last quarter. Assetmark Inc. increased its holdings in Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after buying an additional 826 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in Americold Realty Trust by 1,081.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after purchasing an additional 2,033 shares during the period. 98.14% of the stock is currently owned by hedge funds and other 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.