Americold Realty Trust (NYSE:COLD) Shares Up 6.5% – What’s Next?

Americold Realty Trust Inc. (NYSE:COLD) shot up 6.5% during trading on Tuesday . The stock traded as high as $12.07 and last traded at $12.1350. 1,668,217 shares were traded during trading, a decline of 66% from the average session volume of 4,898,716 shares. The stock had previously closed at $11.39.

Analysts Set New Price Targets

COLD has been the subject of a number of analyst reports. Evercore set a $14.00 price objective on shares of Americold Realty Trust in a report on Friday, February 20th. Zacks Research upgraded shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Barclays dropped their price target on shares of Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $13.00 price target (down from $16.00) on shares of Americold Realty Trust in a research report on Thursday, December 18th. Finally, Bank of America cut Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Hold” and a consensus price target of $14.38.

Americold Realty Trust Trading Up 5.2%

The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $12.77 and a 200-day simple moving average of $12.61. The company has a market cap of $3.41 billion, a PE ratio of -29.99, a price-to-earnings-growth ratio of 3.95 and a beta of 0.89.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.68). Americold Realty Trust had a negative net margin of 4.40% and a negative return on equity of 3.71%. The firm had revenue of $658.45 million during the quarter, compared to analyst estimates of $654.55 million. During the same period in the previous year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, analysts predict that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 7.7%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -230.00%.

Hedge Funds Weigh In On Americold Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its stake in shares of Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after acquiring an additional 806 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Americold Realty Trust in the fourth quarter valued at $26,000. LRI Investments LLC boosted its holdings in Americold Realty Trust by 90.4% in the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares during the period. EverSource Wealth Advisors LLC grew its stake in Americold Realty Trust by 252.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Americold Realty Trust by 63.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after purchasing an additional 948 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.