Americold Realty Trust has established a $1.3 billion joint venture with EQT, contributing 12 cold storage facilities. This strategic partnership aims to strengthen Americold's balance sheet and explore growth opportunities in the cold storage market.
Americold's dividend yield is 6.85%, attracting income-focused investors. RBC Capital lowered COLD's price target from $19 to $17 amid market conditions. Truist Securities maintained a Buy rating but also reduced their target to $17. COLD is set to release Q3 financial results before market opens on Nov. 6. Analysts are paying attention to dividend stocks amid recent market uncertainties.
- Americold Realty Trust reported a 1.7% revenue decline year-over-year in March 2024. - EPS for the same period increased from -$0.01 to $0.37. - Key metrics show positive changes in revenue for various services compared to analysts' estimates. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Earnings