Americold Realty Trust (NYSE:COLD) Trading Down 3.4% on Analyst Downgrade

Americold Realty Trust Inc. (NYSE:COLD)’s share price was down 3.4% during trading on Thursday after Baird R W downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $12.24 and last traded at $12.1960. Approximately 867,824 shares changed hands during trading, a decline of 79% from the average daily volume of 4,213,388 shares. The stock had previously closed at $12.63.

A number of other research firms have also recently commented on COLD. KeyCorp reduced their price target on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Citigroup reduced their target price on Americold Realty Trust from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Royal Bank Of Canada cut Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Zacks Research raised shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Truist Financial dropped their price objective on shares of Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.92.

Institutional Investors Weigh In On Americold Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Earnest Partners LLC lifted its holdings in shares of Americold Realty Trust by 2.8% during the first quarter. Earnest Partners LLC now owns 2,595,058 shares of the company’s stock worth $55,690,000 after purchasing an additional 71,069 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Americold Realty Trust by 14.8% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,786,323 shares of the company’s stock worth $59,794,000 after buying an additional 358,694 shares during the period. AGF Management Ltd. grew its position in shares of Americold Realty Trust by 49.2% in the 2nd quarter. AGF Management Ltd. now owns 182,762 shares of the company’s stock valued at $3,039,000 after buying an additional 60,276 shares during the last quarter. LDR Capital Management LLC acquired a new stake in shares of Americold Realty Trust in the second quarter valued at about $1,106,000. Finally, Cambiar Investors LLC increased its stake in shares of Americold Realty Trust by 21.7% in the second quarter. Cambiar Investors LLC now owns 464,180 shares of the company’s stock valued at $7,719,000 after buying an additional 82,783 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Stock Down 1.4%

The stock has a 50-day moving average price of $12.03 and a 200-day moving average price of $14.10. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market capitalization of $3.48 billion, a P/E ratio of -55.55, a P/E/G ratio of 3.89 and a beta of 0.96.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. The business had revenue of $663.67 million during the quarter, compared to the consensus estimate of $659.51 million. During the same quarter in the prior year, the firm posted $0.35 EPS. The company’s revenue for the quarter 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, research analysts predict that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Wednesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is presently -418.18%.

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.