Americold Realty Trust (NYSE:COLD) Releases Quarterly Earnings Results, Meets Estimates

Americold Realty Trust (NYSE:COLD) posted its earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35, Zacks reports. The company had revenue of $663.67 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. Americold Realty Trust updated its FY 2025 guidance to 1.390-1.450 EPS.

Americold Realty Trust Price Performance

Shares of COLD traded down $0.08 during midday trading on Friday, hitting $11.79. The company’s stock had a trading volume of 7,575,180 shares, compared to its average volume of 3,795,791. Americold Realty Trust has a one year low of $11.46 and a one year high of $24.22. The company’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. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -62.03, a price-to-earnings-growth ratio of 4.00 and a beta of 0.84.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -484.21%.

Institutional Trading of Americold Realty Trust

Large investors have recently bought and sold shares of the business. Nebula Research & Development LLC bought a new stake in shares of Americold Realty Trust during the 2nd quarter valued at approximately $1,393,000. First Trust Advisors LP lifted its stake in Americold Realty Trust by 1.9% in the 2nd quarter. First Trust Advisors LP now owns 73,671 shares of the company’s stock valued at $1,225,000 after purchasing an additional 1,378 shares during the last quarter. Bank of Nova Scotia boosted its position in Americold Realty Trust by 69.3% in the second quarter. Bank of Nova Scotia now owns 23,614 shares of the company’s stock valued at $393,000 after buying an additional 9,663 shares in the last quarter. Lazard Asset Management LLC boosted its position in Americold Realty Trust by 279.1% in the second quarter. Lazard Asset Management LLC now owns 19,304 shares of the company’s stock valued at $321,000 after buying an additional 14,212 shares in the last quarter. Finally, FORA Capital LLC grew its stake in shares of Americold Realty Trust by 93.4% during the second quarter. FORA Capital LLC now owns 18,940 shares of the company’s stock worth $315,000 after buying an additional 9,147 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COLD has been the topic of several research analyst reports. Truist Financial lowered their price target on shares of Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Wells Fargo & Company lowered their target price on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Scotiabank dropped their price target on Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating for the company in a report on Friday, September 5th. Barclays decreased their price objective on Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Finally, UBS Group began coverage on Americold Realty Trust in a research report on Tuesday, October 14th. They set a “neutral” rating and a $14.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Americold Realty Trust currently has an average rating of “Hold” and a consensus price target of $17.31.

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.