Americold Realty Trust (NYSE:COLD) Price Target Raised to $16.00

Americold Realty Trust (NYSE:COLD) had its target price hoisted by UBS Group from $13.00 to $16.00 in a research note issued to investors on Friday, MarketBeat reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen upgraded Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Barclays boosted their price target on Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, May 15th. Robert W. Baird set a $15.00 price objective on Americold Realty Trust in a research report on Friday, May 8th. Evercore raised Americold Realty Trust from an “in-line” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Friday, June 26th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Americold Realty Trust in a research note on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.00.

Americold Realty Trust Stock Performance

Shares of COLD opened at $15.96 on Friday. Americold Realty Trust has a 12-month low of $10.10 and a 12-month high of $17.12. The stock has a market cap of $4.55 billion, a P/E ratio of -40.91 and a beta of 0.96. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $15.05 and a two-hundred day moving average of $13.40.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.33. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The business had revenue of $629.87 million for the quarter, compared to analyst estimates of $613.77 million. During the same period in the prior year, the business earned $0.34 earnings per share. The company’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, research analysts predict that Americold Realty Trust will post 1.16 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.8%. Americold Realty Trust’s dividend payout ratio (DPR) is -235.90%.

Institutional Trading of Americold Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of COLD. Goldman Sachs Group Inc. grew its position in shares of Americold Realty Trust by 42.5% in the first quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company’s stock valued at $45,025,000 after purchasing an additional 626,160 shares during the period. Empowered Funds LLC purchased a new position in Americold Realty Trust during the first quarter worth about $240,000. Jane Street Group LLC boosted its stake in Americold Realty Trust by 8.7% in the 1st quarter. Jane Street Group LLC now owns 71,335 shares of the company’s stock worth $1,531,000 after buying an additional 5,693 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Americold Realty Trust in the 2nd quarter worth about $86,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after buying an additional 1,593 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.