UBS Group Cuts Americold Realty Trust (NYSE:COLD) Price Target to $12.00

Americold Realty Trust (NYSE:COLD) had its target price decreased by investment analysts at UBS Group from $14.00 to $12.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 5.68% from the stock’s current price.

Several other brokerages have also issued reports on COLD. Truist Financial cut their target price on shares of Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Americold Realty Trust in a report on Wednesday, October 8th. KeyCorp lowered their price objective on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Scotiabank decreased their target price on shares of Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Friday, September 5th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $13.00 price target (down from $19.00) on shares of Americold Realty Trust in a research report on Friday. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.15.

Americold Realty Trust Stock Performance

NYSE:COLD traded down $0.40 during trading hours on Monday, reaching $11.36. The company had a trading volume of 4,404,834 shares, compared to its average volume of 3,796,800. The firm’s 50 day moving average price is $13.19 and its 200-day moving average price is $15.47. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of -59.87, a PEG ratio of 4.00 and a beta of 0.84. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. Americold Realty Trust has a 52 week low of $11.27 and a 52 week high of $24.22.

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

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Americold Realty Trust during the 2nd quarter valued at approximately $206,317,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Americold Realty Trust by 649.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock valued at $89,247,000 after purchasing an additional 3,603,716 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in Americold Realty Trust during the 3rd quarter valued at $38,980,000. Price T Rowe Associates Inc. MD boosted its stake in Americold Realty Trust by 1,567.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company’s stock worth $63,541,000 after buying an additional 2,783,264 shares during the period. Finally, Lasalle Investment Management Securities LLC lifted 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 acquiring an additional 2,726,809 shares during the last quarter. Hedge funds and other 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.