Americold Realty Trust (NYSE:COLD) Stock Gets Price Target Reduction from UBS Group

Americold Realty Trust (NYSE:COLD) had its target price cut by UBS Group from $16.00 to $14.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on COLD. 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. Piper Sandler decreased their price objective on shares of Americold Realty Trust from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Royal Bank Of Canada restated a “sector perform” rating and issued a $16.00 price objective on shares of Americold Realty Trust in a research report on Monday, August 17th. Bank of America raised shares of Americold Realty Trust from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $15.00 to $16.00 in a research note on Tuesday, August 18th. Finally, Scotiabank upgraded shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $16.00 target price for the company in a report on Friday, October 2nd. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust has an average rating of “Hold” and an average target price of $15.46.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $14.21 on Tuesday. The firm has a market cap of $4.06 billion, a PE ratio of 10.25 and a beta of 0.92. Americold Realty Trust has a fifty-two week low of $10.10 and a fifty-two week high of $16.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10. The business has a 50 day moving average price of $14.42 and a 200-day moving average price of $14.36.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The firm had revenue of $662.89 million for the quarter, compared to analysts’ expectations of $613.54 million. During the same quarter last year, the business earned $0.36 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities research analysts predict that Americold Realty Trust will post 1.22 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.5%. Americold Realty Trust’s payout ratio is -57.86%.

Hedge Funds Weigh In On Americold Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Americold Realty Trust in the second quarter worth $350,837,000. Ancora Advisors LLC bought a new stake in Americold Realty Trust in the second quarter valued at $163,962,000. Canada Pension Plan Investment Board purchased a new position in Americold Realty Trust during the 2nd quarter valued at $126,564,000. Lasalle Investment Management Securities LLC increased its position 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 valued at $79,791,000 after purchasing an additional 157,627 shares during the period. Finally, Alyeska Investment Group L.P. increased its position 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 valued at $87,767,000 after purchasing an additional 817,860 shares during the period. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. Through its operating platform, Americold Logistics, the company provides refrigerated and frozen storage, handling, transportation and supply-chain services for food producers, retailers, distributors and other customers.

Its facilities support the movement of perishable products, including meat, seafood, dairy, fruit, vegetables, prepared foods and pharmaceuticals.