Americold Realty Trust (NYSE:COLD) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Americold Realty Trust (NYSE:COLD) from a sell rating to a hold rating in a research report report published on Saturday.

COLD has been the subject of a number of other research reports. Robert W. Baird set a $15.00 target price on shares of Americold Realty Trust in a research note on Friday, May 8th. Barclays upped their price objective on shares of Americold Realty Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Friday. Piper Sandler assumed coverage on shares of Americold Realty Trust in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $13.00 price target for the company. Evercore set a $17.00 price target on shares of Americold Realty Trust in a research note on Friday, May 8th. Finally, Bank of America lowered shares of Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a report on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $14.67.

Americold Realty Trust Trading Down 2.4%

NYSE COLD opened at $14.24 on Friday. The company has a market capitalization of $4.06 billion, a PE ratio of -36.52 and a beta of 0.89. The company has a fifty day moving average of $12.31 and a 200 day moving average of $12.34. Americold Realty Trust has a 1 year low of $10.10 and a 1 year high of $18.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.11 and a quick ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.33. The business had revenue of $629.87 million during the quarter, compared to the consensus estimate of $613.77 million. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Research analysts forecast that Americold Realty Trust will post 1.18 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, March 31st. Americold Realty Trust’s dividend payout ratio (DPR) is -235.90%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Quantinno Capital Management LP grew its position in Americold Realty Trust by 8.3% during the 1st quarter. Quantinno Capital Management LP now owns 509,391 shares of the company’s stock worth $5,838,000 after purchasing an additional 39,100 shares during the last quarter. SummitTX Capital L.P. acquired a new stake in shares of Americold Realty Trust in the 1st quarter worth $1,065,000. Entropy Technologies LP boosted its holdings in Americold Realty Trust by 7.9% during the first quarter. Entropy Technologies LP now owns 80,633 shares of the company’s stock worth $924,000 after buying an additional 5,871 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Americold Realty Trust by 3.3% during the first quarter. Renaissance Technologies LLC now owns 1,674,800 shares of the company’s stock worth $19,193,000 after buying an additional 52,800 shares in the last quarter. Finally, Keebeck Wealth Management boosted its holdings in Americold Realty Trust by 18.5% during the first quarter. Keebeck Wealth Management now owns 25,000 shares of the company’s stock worth $286,000 after buying an additional 3,900 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.