Americold Realty Trust (NYSE:COLD) Downgraded by Royal Bank Of Canada to Hold

Royal Bank Of Canada cut shares of Americold Realty Trust (NYSE:COLD) from a moderate buy rating to a hold rating in a research report report published on Friday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $15.00 price objective (down previously from $17.00) on shares of Americold Realty Trust in a research note on Tuesday, September 23rd. Scotiabank cut their price target on Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, September 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Americold Realty Trust in a research note on Wednesday, October 8th. Robert W. Baird cut their target price on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company reduced their price target on shares of Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.31.

Americold Realty Trust Stock Down 0.6%

NYSE COLD traded down $0.08 during trading hours on Friday, reaching $11.79. 7,575,180 shares of the company traded hands, compared to its average volume of 3,795,791. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. Americold Realty Trust has a 12 month low of $11.46 and a 12 month high of $24.22. The company has a 50 day moving average of $13.19 and a two-hundred day moving average of $15.53. The stock has a market capitalization of $3.36 billion, a PE ratio of -62.03, a PEG ratio of 4.00 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $663.67 million for the quarter, compared to analysts’ expectations of $659.51 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.Americold Realty Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, equities analysts expect that Americold Realty Trust will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -484.21%.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Americold Realty Trust by 1.0% during the third quarter. Vanguard Group Inc. now owns 38,208,902 shares of the company’s stock worth $467,677,000 after purchasing an additional 367,920 shares during the period. Norges Bank acquired a new stake in shares of Americold Realty Trust during the 2nd quarter valued at $206,317,000. State Street Corp grew its holdings in shares of Americold Realty Trust by 4.8% during the 2nd quarter. State Street Corp now owns 10,705,522 shares of the company’s stock valued at $180,437,000 after acquiring an additional 493,256 shares in the last quarter. Lasalle Investment Management Securities LLC increased its stake in shares of Americold Realty Trust by 78.2% in the second quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company’s stock worth $103,322,000 after acquiring an additional 2,726,809 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Americold Realty Trust by 31.7% during the second quarter. American Century Companies Inc. now owns 5,158,328 shares of the company’s stock worth $85,783,000 after acquiring an additional 1,241,241 shares in the last quarter. 98.14% of the stock is currently owned by 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.