Americold Realty Trust (NYSE:COLD) Price Target Raised to $14.00

Americold Realty Trust (NYSE:COLD) had its target price raised by Wells Fargo & Company from $11.00 to $14.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages also recently issued reports on COLD. Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a research note on Monday, December 29th. Zacks Research raised shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Bank of America cut Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Thursday, February 5th. UBS Group lifted their price objective on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $13.00 target price (down from $16.00) on shares of Americold Realty Trust in a research report on Thursday, December 18th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.38.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $12.57 on Monday. The firm’s fifty day moving average is $12.93 and its 200 day moving average is $12.79. The company has a quick ratio of 0.11, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -31.41, a PEG ratio of 4.50 and a beta of 0.89. Americold Realty Trust has a 52-week low of $10.10 and a 52-week high of $23.03.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.68). The company had revenue of $658.45 million during the quarter, compared to analysts’ expectations of $654.55 million. Americold Realty Trust had a negative return on equity of 3.71% and a negative net margin of 4.40%.The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Sell-side analysts forecast that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is currently -230.00%.

Institutional Investors Weigh In On Americold Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in COLD. AlphaQuest LLC grew its position in shares of Americold Realty Trust by 7.3% during the 2nd quarter. AlphaQuest LLC now owns 9,334 shares of the company’s stock valued at $155,000 after acquiring an additional 633 shares during the period. Geneos Wealth Management Inc. grew 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 buying an additional 806 shares in the last quarter. Farther Finance Advisors LLC increased its position in Americold Realty Trust by 51.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after purchasing an additional 942 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Americold Realty Trust by 63.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after buying an additional 948 shares during the last quarter. Finally, Norinchukin Bank The raised its position in Americold Realty Trust by 8.0% in the third quarter. Norinchukin Bank The now owns 13,465 shares of the company’s stock valued at $165,000 after purchasing an additional 1,001 shares during the period. Institutional investors and hedge funds 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.