UBS Group Issues Positive Forecast for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its target price increased by UBS Group from $13.00 to $16.00 in a research report released on Friday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. Evercore raised shares of Americold Realty Trust from an “in-line” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research report on Friday, June 26th. Royal Bank Of Canada raised their price target on shares of Americold Realty Trust from $14.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, May 26th. Wells Fargo & Company lifted their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Piper Sandler initiated coverage on shares of Americold Realty Trust in a report on Wednesday, April 1st. They issued a “neutral” rating and a $13.00 price objective for the company. Finally, Scotiabank reissued a “sector perform” rating on shares of Americold Realty Trust in a research report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.00.

Americold Realty Trust Trading Up 0.3%

Shares of NYSE:COLD opened at $15.96 on Friday. The firm has a fifty day moving average of $15.05 and a two-hundred day moving average of $13.40. The firm has a market capitalization of $4.55 billion, a P/E ratio of -40.91 and a beta of 0.96. Americold Realty Trust has a 12-month low of $10.10 and a 12-month high of $17.12. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.27.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.33. The business had revenue of $629.87 million for the quarter, compared to the consensus estimate of $613.77 million. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. Americold Realty Trust’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities analysts expect that Americold Realty Trust will post 1.16 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.8%. Americold Realty Trust’s dividend payout ratio is presently -235.90%.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Americold Realty Trust by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 38,597,711 shares of the company’s stock worth $496,367,000 after purchasing an additional 388,809 shares during the last quarter. Norges Bank acquired a new position in shares of Americold Realty Trust during the fourth quarter valued at $152,684,000. State Street Corp boosted its holdings in Americold Realty Trust by 0.7% in the fourth quarter. State Street Corp now owns 10,713,586 shares of the company’s stock valued at $140,203,000 after acquiring an additional 75,814 shares during the last quarter. Lasalle Investment Management Securities LLC raised its holdings in Americold Realty Trust by 2.3% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 6,962,583 shares of the company’s stock worth $79,791,000 after purchasing an additional 157,627 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Americold Realty Trust by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,849,709 shares of the company’s stock worth $75,227,000 after purchasing an additional 251,217 shares during the last quarter. 98.14% of the stock is owned by 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.