Americold Realty Trust (NYSE:COLD) Price Target Cut to $15.00 by Analysts at Piper Sandler

Americold Realty Trust (NYSE:COLD) had its price objective reduced by Piper Sandler from $17.00 to $15.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

COLD has been the topic of a number of other reports. JPMorgan Chase & Co. upgraded shares of Americold Realty Trust from an “underweight” rating to a “neutral” rating and set a $16.00 target price on the stock in a report on Thursday, September 24th. Weiss Ratings cut shares of Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Scotiabank raised shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $16.00 price target for the company in a report on Friday, October 2nd. Finally, KeyCorp reiterated an “overweight” rating on shares of Americold Realty Trust in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.61.

Americold Realty Trust Stock Down 0.4%

Shares of COLD opened at $13.94 on Monday. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of -8.76 and a beta of 0.92. Americold Realty Trust has a 1 year low of $10.10 and a 1 year high of $16.88. The business’s 50 day simple moving average is $14.52 and its 200-day simple moving average is $14.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.10 and a quick ratio of 0.10.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter. The firm had revenue of $662.89 million during the quarter, compared to the consensus estimate of $613.54 million. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, equities analysts expect that Americold Realty Trust will post 1.22 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.23 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.6%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -57.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of COLD. BlackRock Inc. purchased a new stake in shares of Americold Realty Trust in the second quarter valued at approximately $350,837,000. Ancora Advisors LLC bought a new position in Americold Realty Trust in the second quarter worth approximately $163,962,000. Canada Pension Plan Investment Board purchased a new position in Americold Realty Trust during the 2nd quarter worth $126,564,000. Lasalle Investment Management Securities LLC increased 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 period. Finally, Alyeska Investment Group L.P. increased its holdings in Americold Realty Trust by 17.2% during the 2nd quarter. Alyeska Investment Group L.P. now owns 5,583,153 shares of the company’s stock worth $87,767,000 after purchasing an additional 817,860 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled storage and distribution facilities. The company provides refrigerated and frozen warehousing, inventory management, handling, transportation coordination and other supply-chain services for customers that require temperature-sensitive logistics.

Its customers include food producers, processors, retailers, restaurants, distributors and other businesses involved in the movement of perishable goods.