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

Americold Realty Trust Inc. (NYSE:COLD) dropped 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 traded hands during mid-day trading, a decline of 79% from the average daily volume of 4,213,388 shares. The stock had previously closed at $12.63.

COLD has been the subject of several other reports. Citigroup cut their price objective on shares of Americold Realty Trust from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Zacks Research upgraded Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Barclays cut their price target on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Wells Fargo & Company decreased their price objective on shares of Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Finally, UBS Group lowered their price target on Americold Realty Trust from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.92.

Hedge Funds Weigh In On Americold Realty Trust

Large investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL bought a new stake in Americold Realty Trust during the third quarter valued at $2,568,000. Swiss Life Asset Management Ltd bought a new stake in shares of Americold Realty Trust during the 3rd quarter valued at about $156,000. CIBC Bancorp USA Inc. bought a new stake in shares of Americold Realty Trust during the 3rd quarter valued at about $916,000. Wilmington Savings Fund Society FSB acquired a new stake in Americold Realty Trust during the third quarter worth about $61,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Americold Realty Trust by 63.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after acquiring an additional 948 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Down 1.4%

The company has a market cap of $3.48 billion, a price-to-earnings ratio of -55.55, a P/E/G ratio of 3.89 and a beta of 0.96. The firm’s fifty day moving average price is $12.03 and its 200-day moving average price is $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.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $663.67 million for the quarter, compared to analyst estimates of $659.51 million. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. On average, equities analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

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

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.