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

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

A number of other equities research analysts have also issued reports on the company. UBS Group started coverage on Americold Realty Trust in a research report on Tuesday, October 14th. They issued a “neutral” rating and a $14.00 price target on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Americold Realty Trust in a report on Wednesday, October 8th. KeyCorp dropped their price objective on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Wells Fargo & Company lowered their price objective on shares of Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Finally, Robert W. Baird dropped their price objective on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.31.

Americold Realty Trust Stock Performance

COLD opened at $11.79 on Friday. The company has a market cap of $3.36 billion, a price-to-earnings ratio of -62.03, a PEG ratio of 4.00 and a beta of 0.84. Americold Realty Trust has a 52-week low of $11.46 and a 52-week high of $24.22. The firm’s fifty day simple moving average is $13.19 and its two-hundred day simple moving average is $15.53. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13.

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

Hedge Funds Weigh In On Americold Realty Trust

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Americold Realty Trust by 1.0% in the third quarter. Vanguard Group Inc. now owns 38,208,902 shares of the company’s stock worth $467,677,000 after acquiring an additional 367,920 shares in the last quarter. Norges Bank purchased a new position in shares of Americold Realty Trust in the second quarter valued at $206,317,000. State Street Corp grew its stake in shares of Americold Realty Trust by 4.8% during the second quarter. State Street Corp now owns 10,705,522 shares of the company’s stock valued at $180,437,000 after acquiring an additional 493,256 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its stake in shares of Americold Realty Trust by 78.2% in the second 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 in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Americold Realty Trust by 31.7% in the second quarter. American Century Companies Inc. now owns 5,158,328 shares of the company’s stock worth $85,783,000 after buying an additional 1,241,241 shares during the last quarter. Institutional investors and hedge funds 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.