Americold Realty Trust (NYSE:COLD) Cut to Hold at Baird R W

Baird R W cut shares of Americold Realty Trust (NYSE:COLD) from a strong-buy rating to a hold rating in a research note released on Thursday,Zacks.com reports.

A number of other brokerages have also recently commented on COLD. Truist Financial dropped their target price on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Barclays lowered their price target on Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Robert W. Baird reiterated a “neutral” rating and set a $13.00 price objective (down previously from $16.00) on shares of Americold Realty Trust in a research report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a research note on Monday, December 15th. Finally, Wall Street Zen cut shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.92.

Americold Realty Trust Price Performance

COLD stock opened at $12.22 on Thursday. Americold Realty Trust has a 52 week low of $10.10 and a 52 week high of $23.52. The firm has a market capitalization of $3.48 billion, a P/E ratio of -55.55, a price-to-earnings-growth ratio of 3.84 and a beta of 0.96. The company has a fifty day simple moving average of $12.03 and a two-hundred day simple moving average of $14.09. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.16.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $663.67 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. 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 declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.23 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.5%. Americold Realty Trust’s dividend payout ratio is presently -418.18%.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COLD. Caitong International Asset Management Co. Ltd grew its stake in Americold Realty Trust by 49,833.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock worth $25,000 after acquiring an additional 1,495 shares in the last quarter. LRI Investments LLC boosted its holdings in shares of 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 during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Americold Realty Trust by 100.0% in the second 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 period. Avalon Trust Co bought a new position in Americold Realty Trust in the third quarter worth approximately $32,000. Finally, GKV Capital Management Co. Inc. purchased a new position in Americold Realty Trust during the 1st quarter worth $36,000. Institutional investors 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.