Americold Realty Trust (NYSE:COLD) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Americold Realty Trust (NYSE:COLD) from an underweight rating to a neutral rating in a research note issued to investors on Thursday morning, MarketBeat reports. The firm currently has $16.00 target price on the stock.

COLD has been the subject of a number of other reports. Wall Street Zen upgraded Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Piper Sandler raised their price target on Americold Realty Trust from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Evercore restated an “outperform” rating and issued a $19.00 price target on shares of Americold Realty Trust in a research report on Friday, August 7th. Bank of America raised Americold Realty Trust from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $15.00 to $16.00 in a research note on Tuesday, August 18th. Finally, Scotiabank upped their price objective on shares of Americold Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. Four 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.90.

Americold Realty Trust Stock Up 2.8%

NYSE COLD opened at $14.77 on Thursday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25. Americold Realty Trust has a 1-year low of $10.10 and a 1-year high of $16.88. The company has a 50 day moving average of $14.66 and a 200-day moving average of $14.00. The company has a market cap of $4.22 billion, a price-to-earnings ratio of -9.29 and a beta of 0.98.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $662.89 million during the quarter, compared to analysts’ expectations of $613.54 million. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%.The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities research analysts expect that Americold Realty Trust will post 1.22 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.2%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -57.86%.

Hedge Funds Weigh In On Americold Realty Trust

A number of institutional investors have recently modified their holdings of COLD. Patten Group Inc. boosted its stake in Americold Realty Trust by 6.8% in the first quarter. Patten Group Inc. now owns 21,291 shares of the company’s stock valued at $244,000 after buying an additional 1,360 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Americold Realty Trust by 106.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company’s stock worth $36,000 after acquiring an additional 1,432 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Americold Realty Trust by 13.2% during the second quarter. Rehmann Capital Advisory Group now owns 12,768 shares of the company’s stock worth $201,000 after acquiring an additional 1,492 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Americold Realty Trust by 8.4% in the first quarter. PNC Financial Services Group Inc. now owns 19,719 shares of the company’s stock worth $226,000 after acquiring an additional 1,529 shares during the last quarter. Finally, Values First Advisors Inc. lifted its holdings in shares of Americold Realty Trust by 7.8% in the first quarter. Values First Advisors Inc. now owns 21,873 shares of the company’s stock worth $251,000 after acquiring an additional 1,581 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. The company provides cold storage infrastructure for food producers, retailers, distributors and other customers whose products require refrigerated or frozen environments.

Americold’s services include refrigerated and frozen storage, handling, inventory management, transportation coordination and other supply-chain solutions. Its facilities support the movement of perishable products such as meat, seafood, dairy, fruits and vegetables, prepared foods and other temperature-sensitive goods from producers to retailers and consumers.

The company serves customers through a network of temperature-controlled properties in key food distribution markets across North America, Europe and the Asia-Pacific region.