Americold Realty Trust (NYSE:COLD) Price Target Cut to $13.00 by Analysts at Evercore ISI

Americold Realty Trust (NYSE:COLD) had its target price lowered by Evercore ISI from $14.00 to $13.00 in a report published on Monday morning, Marketbeat Ratings reports. Evercore ISI currently has an in-line rating on the stock.

Several other research analysts have also recently weighed in on the stock. Zacks Research upgraded shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. KeyCorp cut their target price on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Wells Fargo & Company reduced their target price on Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Wall Street Zen lowered Americold Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Finally, Scotiabank reduced their price objective on Americold Realty Trust from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.92.

Americold Realty Trust Stock Up 1.5%

Shares of NYSE COLD opened at $12.40 on Monday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3.53 billion, a PE ratio of -56.34, a P/E/G ratio of 3.84 and a beta of 0.96. The company’s fifty day simple moving average is $12.02 and its 200 day simple moving average is $14.04. Americold Realty Trust has a 12-month low of $10.10 and a 12-month high of $23.52.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $663.67 million for the quarter, compared to analyst estimates of $659.51 million. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.23 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.92 annualized dividend and a yield of 7.4%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -418.18%.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of COLD. Earnest Partners LLC raised its position in Americold Realty Trust by 2.8% in the 1st quarter. Earnest Partners LLC now owns 2,595,058 shares of the company’s stock worth $55,690,000 after purchasing an additional 71,069 shares during the period. AGF Management Ltd. lifted its holdings in Americold Realty Trust by 49.2% in the 2nd quarter. AGF Management Ltd. now owns 182,762 shares of the company’s stock worth $3,039,000 after buying an additional 60,276 shares during the period. LDR Capital Management LLC bought a new stake in Americold Realty Trust in the second quarter valued at $1,106,000. Cambiar Investors LLC increased its position in shares of Americold Realty Trust by 21.7% during the second quarter. Cambiar Investors LLC now owns 464,180 shares of the company’s stock valued at $7,719,000 after buying an additional 82,783 shares during the period. Finally, Ieq Capital LLC purchased a new position in shares of Americold Realty Trust during the 1st quarter worth approximately $734,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.