Americold Realty Trust (NYSE:COLD) Stock Gets Price Target Trim from Piper Sandler

Americold Realty Trust (NYSE:COLD) had its price target cut by Piper Sandler from $17.00 to $15.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on COLD. Evercore reiterated an “outperform” rating and issued a $19.00 price target on shares of Americold Realty Trust in a research note on Friday, August 7th. DA Davidson set a $16.00 price target on Americold Realty Trust in a report on Tuesday, August 18th. Weiss Ratings downgraded Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. KeyCorp restated an “overweight” rating on shares of Americold Realty Trust in a research report on Monday, August 10th. Finally, Scotiabank raised Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $16.00 price objective on the stock in a research note on Friday, October 2nd. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.61.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock opened at $13.77 on Monday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.93 billion, a PE ratio of -8.66 and a beta of 0.92. The company has a 50 day moving average of $14.51 and a 200-day moving average of $14.24. Americold Realty Trust has a 1-year low of $10.10 and a 1-year high of $16.88.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The business had revenue of $662.89 million for the quarter, compared to analyst estimates of $613.54 million. During the same quarter last year, the business posted $0.36 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, equities research analysts forecast that Americold Realty Trust will post 1.22 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Wednesday, September 30th. Americold Realty Trust’s dividend payout ratio is currently -57.86%.

Hedge Funds Weigh In On Americold Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Americold Realty Trust during the second quarter worth $350,837,000. Ancora Advisors LLC bought a new stake in shares of Americold Realty Trust in the second quarter worth $163,962,000. Canada Pension Plan Investment Board bought a new stake in shares of Americold Realty Trust in the second quarter worth $126,564,000. Bank of America Corp DE bought a new stake in shares of Americold Realty Trust in the second quarter worth $48,141,000. Finally, Bank of New York Mellon Corp acquired a new stake in Americold Realty Trust in the second quarter valued at $45,227,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled storage and distribution facilities. The company provides refrigerated and frozen warehousing, inventory management, handling, transportation coordination and other supply-chain services for customers that require temperature-sensitive logistics.

Its customers include food producers, processors, retailers, restaurants, distributors and other businesses involved in the movement of perishable goods.