Americold Realty Trust (NYSE:COLD) Upgraded at Scotiabank

Scotiabank upgraded shares of Americold Realty Trust (NYSE:COLD) to a hold rating in a report released on Wednesday,Zacks.com reports.

COLD has been the subject of a number of other research reports. Truist Financial decreased their price target on shares of Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Citigroup increased their price objective on shares of Americold Realty Trust from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Robert W. Baird reissued a “neutral” rating and set a $13.00 price objective (down from $16.00) on shares of Americold Realty Trust in a report on Thursday, December 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a research report on Monday, December 29th. Finally, Bank of America cut shares of Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Americold Realty Trust currently has a consensus rating of “Hold” and an average target price of $14.38.

Americold Realty Trust Stock Down 1.2%

Shares of NYSE COLD opened at $11.15 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. Americold Realty Trust has a 1 year low of $10.10 and a 1 year high of $22.35. The stock’s 50-day simple moving average is $12.81 and its 200-day simple moving average is $12.67. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of -27.86, a PEG ratio of 4.00 and a beta of 0.89.

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

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.3%. Americold Realty Trust’s payout ratio is currently -230.00%.

Institutional Investors Weigh In On Americold Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. LRI Investments LLC boosted its holdings in shares of 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 acquiring an additional 1,026 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of Americold Realty Trust in the 4th quarter worth about $26,000. Geneos Wealth Management Inc. lifted 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 during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Americold Realty Trust by 63.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after purchasing an additional 948 shares during the last quarter. Finally, Avalon Trust Co acquired a new position in Americold Realty Trust during the 3rd quarter valued at about $32,000. 98.14% of the stock is currently owned by institutional investors.

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.