Americold Realty Trust Inc. (NYSE:COLD) Receives Average Recommendation of “Hold” from Analysts

Shares of Americold Realty Trust Inc. (NYSE:COLD) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $13.9167.

A number of equities analysts recently issued reports on COLD shares. Truist Financial cut their target price on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, December 24th. Wall Street Zen downgraded shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Citigroup reduced their price objective on shares of Americold Realty Trust from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Zacks Research raised shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Finally, KeyCorp lowered their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd.

Institutional Trading of Americold Realty Trust

Hedge funds have recently bought and sold shares of the business. Retirement Planning Co of New England Inc. increased its position in Americold Realty Trust by 52.3% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 31,355 shares of the company’s stock worth $403,000 after buying an additional 10,767 shares during the last quarter. HB Wealth Management LLC increased its holdings in Americold Realty Trust by 23.0% in the 4th quarter. HB Wealth Management LLC now owns 18,710 shares of the company’s stock worth $241,000 after acquiring an additional 3,499 shares during the last quarter. Franchise GP Ltd bought a new stake in Americold Realty Trust in the 4th quarter valued at about $216,000. Novem Group purchased a new stake in Americold Realty Trust during the fourth quarter valued at about $177,000. Finally, Evergreen Capital Management LLC bought a new position in Americold Realty Trust during the fourth quarter worth about $210,000. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Stock Performance

COLD stock opened at $12.29 on Thursday. The firm has a market cap of $3.50 billion, a PE ratio of -55.85, a price-to-earnings-growth ratio of 4.53 and a beta of 0.91. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $12.30 and a 200-day moving average price of $13.32. Americold Realty Trust has a 1-year low of $10.10 and a 1-year high of $23.52.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $663.67 million for the quarter, compared to analysts’ expectations of $659.51 million. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, equities research analysts expect that Americold Realty Trust will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 annualized dividend and a yield of 7.5%. Americold Realty Trust’s payout ratio is -418.18%.

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.