Americold Realty Trust (NYSE:COLD) Downgraded to “Hold” Rating by Royal Bank Of Canada

Americold Realty Trust (NYSE:COLD) was downgraded by investment analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

A number of other analysts have also issued reports on COLD. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $15.00 price target (down from $17.00) on shares of Americold Realty Trust in a research note on Tuesday, September 23rd. Scotiabank reduced their price objective on shares of Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, September 5th. UBS Group started coverage on Americold Realty Trust in a research report on Tuesday, October 14th. They set a “neutral” rating and a $14.00 price target on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Americold Realty Trust in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.31.

Americold Realty Trust Stock Performance

NYSE COLD opened at $11.79 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. The stock’s fifty day moving average is $13.19 and its two-hundred day moving average is $15.53. The firm has a market capitalization of $3.36 billion, a P/E ratio of -62.03, a price-to-earnings-growth ratio of 4.00 and a beta of 0.84. Americold Realty Trust has a fifty-two week low of $11.46 and a fifty-two week high of $24.22.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $663.67 million during the quarter, compared to analysts’ expectations of $659.51 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. On average, research analysts anticipate that Americold Realty Trust will post 1.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in COLD. Vanguard Group Inc. lifted its holdings in shares of Americold Realty Trust by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 38,208,902 shares of the company’s stock valued at $467,677,000 after acquiring an additional 367,920 shares during the last quarter. Norges Bank bought a new stake in shares of Americold Realty Trust in the 2nd quarter valued at approximately $206,317,000. State Street Corp lifted its stake in shares of Americold Realty Trust by 4.8% in the 2nd quarter. State Street Corp now owns 10,705,522 shares of the company’s stock valued at $180,437,000 after purchasing an additional 493,256 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in shares of Americold Realty Trust by 78.2% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company’s stock worth $103,322,000 after purchasing an additional 2,726,809 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Americold Realty Trust by 31.7% during the 2nd quarter. American Century Companies Inc. now owns 5,158,328 shares of the company’s stock valued at $85,783,000 after purchasing an additional 1,241,241 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.