Americold Realty Trust Inc. (NYSE:COLD) Receives Consensus Rating of “Hold” from Brokerages

Americold Realty Trust Inc. (NYSE:COLD) has earned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $13.9167.

Several analysts have issued reports on the stock. KeyCorp cut their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Barclays lowered their target price on Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Scotiabank decreased their price target on Americold Realty Trust from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 12th. Zacks Research upgraded Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Finally, UBS Group raised their target price on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday.

Americold Realty Trust Stock Up 2.2%

Shares of NYSE COLD opened at $13.16 on Friday. The stock has a market capitalization of $3.75 billion, a P/E ratio of -59.80, a PEG ratio of 4.57 and a beta of 0.91. Americold Realty Trust has a one year low of $10.10 and a one year high of $23.52. The firm’s 50 day simple moving average is $11.85 and its two-hundred day simple moving average is $13.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.11 and a quick ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. The firm had revenue of $663.67 million during the quarter, compared to analyst estimates of $659.51 million. During the same period in the previous year, the business posted $0.35 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, analysts expect that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.92 annualized dividend and a yield of 7.0%. Americold Realty Trust’s dividend payout ratio is presently -418.18%.

Hedge Funds Weigh In On Americold Realty Trust

A number of hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Americold Realty Trust by 49,833.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock worth $25,000 after purchasing an additional 1,495 shares during the period. LRI Investments LLC raised its position in Americold Realty Trust by 90.4% during the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Americold Realty Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after buying an additional 806 shares during the period. Avalon Trust Co purchased a new stake in Americold Realty Trust in the 3rd quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after buying an additional 1,593 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.