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

Americold Realty Trust (NYSE:COLD) had its price objective hoisted by Scotiabank from $14.00 to $15.50 in a report issued on Thursday morning, MarketBeat.com reports. Scotiabank currently has a sector perform rating on the stock.

Several other brokerages have also recently issued reports on COLD. Wells Fargo & Company lifted their target price on Americold Realty Trust from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Robert W. Baird set a $15.00 target price on Americold Realty Trust in a report on Friday, May 8th. Bank of America cut Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 target price on the stock. in a report on Thursday, February 5th. Citigroup lifted their target price on Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Piper Sandler assumed coverage on Americold Realty Trust in a report on Wednesday, April 1st. They issued a “neutral” rating and a $13.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $14.60.

Americold Realty Trust Price Performance

NYSE:COLD opened at $14.59 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.27. The business’s 50-day simple moving average is $12.27 and its two-hundred day simple moving average is $12.33. The stock has a market cap of $4.16 billion, a PE ratio of -37.40 and a beta of 0.89. Americold Realty Trust has a 52 week low of $10.10 and a 52 week high of $18.25.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.33. Americold Realty Trust had a negative return on equity of 3.73% and a negative net margin of 4.29%.The business had revenue of $629.87 million for the quarter, compared to analysts’ expectations of $613.77 million. During the same period last year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up .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 1.18 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Tuesday, March 31st. Americold Realty Trust’s payout ratio is -235.90%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of COLD. Goldman Sachs Group Inc. boosted its position in shares of Americold Realty Trust by 42.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company’s stock valued at $45,025,000 after buying an additional 626,160 shares during the period. Empowered Funds LLC purchased a new position in shares of Americold Realty Trust during the first quarter valued at approximately $240,000. Jane Street Group LLC boosted its position in shares of Americold Realty Trust by 8.7% during the first quarter. Jane Street Group LLC now owns 71,335 shares of the company’s stock valued at $1,531,000 after buying an additional 5,693 shares during the period. Quantbot Technologies LP purchased a new position in shares of Americold Realty Trust during the second quarter valued at approximately $86,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Americold Realty Trust by 252.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after buying an additional 1,593 shares during the period. Hedge funds and other 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.