Americold Realty Trust (NYSE:COLD) Price Target Raised to $14.00

Americold Realty Trust (NYSE:COLD) had its price target raised by Citigroup from $11.00 to $14.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on COLD. Royal Bank Of Canada cut shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a research note on Monday, December 29th. Robert W. Baird restated a “neutral” rating and set a $13.00 price objective (down from $16.00) on shares of Americold Realty Trust in a research report on Thursday, December 18th. Truist Financial cut their target price on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Finally, Wells Fargo & Company decreased their price target on Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust currently has an average rating of “Hold” and an average target price of $14.15.

Americold Realty Trust Trading Down 1.3%

Shares of NYSE:COLD opened at $13.40 on Wednesday. The business’s 50 day simple moving average is $12.91 and its 200 day simple moving average is $12.84. Americold Realty Trust has a 1 year low of $10.10 and a 1 year high of $23.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market capitalization of $3.82 billion, a P/E ratio of -33.51, a P/E/G ratio of 4.82 and a beta of 0.91.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, February 19th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.68). Americold Realty Trust had a negative return on equity of 3.64% and a negative net margin of 4.40%.The company had revenue of $658.45 million for the quarter, compared to analyst estimates of $654.55 million. During the same period last year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, research analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed 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 of this dividend was Wednesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 6.9%. Americold Realty Trust’s dividend payout ratio (DPR) is -230.00%.

Institutional Trading of Americold Realty Trust

A number of hedge funds have recently made changes to their positions in the company. AGF Management Ltd. grew its stake in shares of Americold Realty Trust by 49.2% in the second quarter. AGF Management Ltd. now owns 182,762 shares of the company’s stock worth $3,039,000 after purchasing an additional 60,276 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in Americold Realty Trust during the 3rd quarter worth about $485,000. Envestnet Asset Management Inc. grew its position in shares of Americold Realty Trust by 23.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 921,709 shares of the company’s stock valued at $11,282,000 after buying an additional 176,581 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Americold Realty Trust by 70.0% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 220,838 shares of the company’s stock valued at $2,703,000 after buying an additional 90,912 shares during the last quarter. Finally, Cambiar Investors LLC increased its stake in shares of Americold Realty Trust by 21.7% in the second quarter. Cambiar Investors LLC now owns 464,180 shares of the company’s stock valued at $7,719,000 after buying an additional 82,783 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

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.