Americold Realty Trust Inc. (NYSE:COLD) Given Average Rating of “Hold” by Brokerages

Americold Realty Trust Inc. (NYSE:COLD) has earned an average rating of “Hold” from the fifteen brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.6154.

Several equities analysts have commented on the company. KeyCorp dropped their target price on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Truist Financial lowered their price objective on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Zacks Research lowered shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Barclays reduced their target price on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada downgraded shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th.

Americold Realty Trust Price Performance

COLD stock opened at $10.76 on Friday. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -56.61, a P/E/G ratio of 4.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The company has a 50 day simple moving average of $12.88 and a 200 day simple moving average of $15.22. Americold Realty Trust has a 1 year low of $10.50 and a 1 year high of $24.22.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm had revenue of $663.67 million for the quarter, compared to analysts’ expectations of $659.51 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. Research analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date was Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio is presently -418.18%.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its holdings in shares of Americold Realty Trust by 49,833.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock valued at $25,000 after purchasing an additional 1,495 shares in the last quarter. LRI Investments LLC increased its holdings in Americold Realty Trust by 90.4% during the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after buying an additional 1,026 shares during the period. Geneos Wealth Management Inc. raised its stake in Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after buying an additional 806 shares in the last quarter. Avalon Trust Co bought a new position in Americold Realty Trust in the third quarter worth approximately $32,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in Americold Realty Trust during the first quarter worth $36,000. Institutional investors own 98.14% of the company’s stock.

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.