Brokerages Set Americold Realty Trust Inc. (NYSE:COLD) PT at $13.92

Americold Realty Trust Inc. (NYSE:COLD) has been given a consensus rating of “Hold” by the fourteen analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $13.9167.

COLD has been the topic of several recent research reports. Evercore ISI reduced their price target on shares of Americold Realty Trust from $14.00 to $13.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. JPMorgan Chase & Co. cut their price objective on Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, November 14th. Royal Bank Of Canada lowered Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Citigroup lowered their target price on Americold Realty Trust from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Finally, Barclays cut their price target on Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $12.41 on Thursday. The stock has a fifty day moving average price of $12.38 and a 200 day moving average price of $13.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $3.53 billion, a PE ratio of -56.40, a P/E/G ratio of 4.39 and a beta of 0.91. Americold Realty Trust has a 1 year low of $10.10 and a 1 year high of $23.52.

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

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.92 annualized dividend and a yield of 7.4%. Americold Realty Trust’s payout ratio is presently -418.18%.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its position in shares of Americold Realty Trust by 49,833.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock valued at $25,000 after buying an additional 1,495 shares during the last quarter. Geneos Wealth Management Inc. raised 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 valued at $27,000 after acquiring an additional 806 shares during the last quarter. LRI Investments LLC lifted its stake in shares of Americold Realty Trust by 90.4% during the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after purchasing an additional 1,026 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Americold Realty Trust by 252.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after purchasing an additional 1,593 shares during the last quarter. Finally, Whipplewood Advisors LLC boosted its holdings in shares of Americold Realty Trust by 10,869.6% during the second quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock worth $42,000 after purchasing an additional 2,500 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

About Americold Realty Trust

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.