Americold Realty Trust (NYSE:COLD) Coverage Initiated at Piper Sandler

Analysts at Piper Sandler initiated coverage on shares of Americold Realty Trust (NYSE:COLD) in a report released on Wednesday, MarketBeat reports. The brokerage set a “neutral” rating and a $13.00 price target on the stock. Piper Sandler’s price target would suggest a potential upside of 13.41% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Wells Fargo & Company upped their price target on Americold Realty Trust from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Barclays reduced their price objective on shares of Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Evercore set a $14.00 target price on shares of Americold Realty Trust in a report on Friday, February 20th. Truist Financial dropped their target price 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. Finally, Scotiabank raised shares of Americold Realty Trust to a “hold” rating in a research note on Wednesday, March 11th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.30.

Americold Realty Trust Price Performance

NYSE:COLD opened at $11.46 on Wednesday. The business’s 50-day simple moving average is $12.29 and its two-hundred day simple moving average is $12.41. Americold Realty Trust has a 52 week low of $10.10 and a 52 week high of $21.27. The stock has a market cap of $3.27 billion, a PE ratio of -28.66, a P/E/G ratio of 3.92 and a beta of 0.90. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data 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 3.71% and a negative net margin of 4.40%.The business had revenue of $658.45 million during the quarter, compared to the consensus estimate of $654.55 million. During the same period last year, the company earned $0.37 EPS. The business’s revenue 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, analysts forecast that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Americold Realty Trust

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Americold Realty Trust by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 38,597,711 shares of the company’s stock valued at $496,367,000 after purchasing an additional 388,809 shares during the last quarter. Norges Bank bought a new stake in shares of Americold Realty Trust in the 4th quarter worth about $152,684,000. State Street Corp increased its holdings in shares of Americold Realty Trust by 0.7% in the 4th quarter. State Street Corp now owns 10,713,586 shares of the company’s stock worth $140,203,000 after buying an additional 75,814 shares during the last quarter. American Century Companies Inc. raised its position in shares of Americold Realty Trust by 53.4% during the 3rd quarter. American Century Companies Inc. now owns 7,913,079 shares of the company’s stock valued at $96,856,000 after buying an additional 2,754,751 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC raised its position in shares of Americold Realty Trust by 11.9% during the 3rd quarter. Lasalle Investment Management Securities LLC now owns 6,955,290 shares of the company’s stock valued at $85,133,000 after buying an additional 742,319 shares in the last quarter. Institutional investors 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.