Americold Realty Trust (NYSE:COLD) Given New $14.00 Price Target at Citigroup

Americold Realty Trust (NYSE:COLD) had its price target upped by Citigroup from $11.00 to $14.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the company. Barclays cut their price target on Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Zacks Research upgraded shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Evercore set a $14.00 price target on shares of Americold Realty Trust in a research note on Friday, February 20th. JPMorgan Chase & Co. lowered their price target on shares of Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, November 14th. Finally, Truist Financial reduced their price objective on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, December 24th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.15.

Americold Realty Trust Trading Up 0.6%

Shares of NYSE:COLD opened at $13.16 on Wednesday. Americold Realty Trust has a 52-week low of $10.10 and a 52-week high of $23.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market capitalization of $3.75 billion, a P/E ratio of -32.89, a price-to-earnings-growth ratio of 4.64 and a beta of 0.91. The company has a 50-day simple moving average of $12.86 and a 200 day simple moving average of $12.84.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, February 19th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.68). Americold Realty Trust had a negative return on equity of 3.64% and a negative net margin of 4.40%.The business had revenue of $658.45 million for the quarter, compared to analyst estimates of $654.55 million. During the same period last year, the firm earned $0.37 EPS. Americold Realty Trust’s quarterly revenue was down 1.2% compared to the same quarter last year. 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 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Wednesday, December 31st. Americold Realty Trust’s dividend payout ratio is presently -230.00%.

Institutional Investors Weigh In On Americold Realty Trust

A number of large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised 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 acquiring an additional 806 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of Americold Realty Trust in the fourth quarter worth $26,000. LRI Investments LLC raised its stake in Americold Realty Trust by 90.4% in the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Americold Realty Trust by 252.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after purchasing an additional 1,593 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in Americold Realty Trust by 63.3% during the third 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 in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.