Americold Realty Trust Inc. (NYSE:COLD) Receives $13.83 Average Target Price from Analysts

Americold Realty Trust Inc. (NYSE:COLD) has received an average recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $13.8333.

A number of analysts have issued reports on COLD shares. Scotiabank cut their target price on Americold Realty Trust from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 12th. Truist Financial cut their price objective on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, December 24th. Wells Fargo & Company decreased their target price on Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. JPMorgan Chase & Co. dropped their target price 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. Finally, Barclays reduced their price target on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd.

Hedge Funds Weigh In On Americold Realty Trust

Several institutional investors have recently modified their holdings of COLD. Caitong International Asset Management Co. Ltd raised its stake 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 acquiring an additional 1,495 shares in the last quarter. LRI Investments LLC increased its holdings in 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. Geneos Wealth Management Inc. raised its position 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 purchasing an additional 806 shares in the last quarter. Avalon Trust Co purchased a new position in shares of Americold Realty Trust in the 3rd quarter valued at about $32,000. Finally, EverSource Wealth Advisors LLC boosted its stake 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 valued at $37,000 after buying an additional 1,593 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 1.0%

Shares of NYSE:COLD opened at $13.22 on Friday. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of -60.08, a PEG ratio of 4.64 and a beta of 0.91. Americold Realty Trust has a 12-month low of $10.10 and a 12-month high of $23.52. The business has a 50-day moving average price of $11.83 and a 200 day moving average price of $13.70. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.16.

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

Americold Realty Trust Dividend Announcement

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

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.