Americold Realty Trust (NYSE:COLD) Issues Quarterly Earnings Results

Americold Realty Trust (NYSE:COLD) released its quarterly earnings data on Thursday. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35, Zacks reports. The business had revenue of $663.67 million for 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. Americold Realty Trust updated its FY 2025 guidance to 1.390-1.450 EPS.

Americold Realty Trust Trading Down 0.6%

Shares of Americold Realty Trust stock traded down $0.08 on Friday, hitting $11.79. The stock had a trading volume of 7,575,180 shares, compared to its average volume of 3,795,791. The firm has a market capitalization of $3.36 billion, a P/E ratio of -62.03, a PEG ratio of 4.00 and a beta of 0.84. The stock has a 50 day moving average of $13.19 and a 200 day moving average of $15.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. Americold Realty Trust has a twelve month low of $11.46 and a twelve month high of $24.22.

Americold Realty Trust Dividend Announcement

The company 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 yield of 7.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio is presently -484.21%.

Hedge Funds Weigh In On Americold Realty Trust

A number of large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after purchasing an additional 806 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position 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 valued at $37,000 after acquiring an additional 1,593 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Americold Realty Trust during the 2nd quarter worth approximately $86,000. Headlands Technologies LLC raised its position in shares of Americold Realty Trust by 128.8% in the 2nd quarter. Headlands Technologies LLC now owns 6,545 shares of the company’s stock worth $109,000 after acquiring an additional 3,684 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Americold Realty Trust by 59.4% in the 2nd quarter. Osaic Holdings Inc. now owns 6,803 shares of the company’s stock valued at $116,000 after purchasing an additional 2,535 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Scotiabank dropped their target price on shares of Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, September 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Americold Realty Trust in a report on Wednesday, October 8th. Zacks Research lowered shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Royal Bank Of Canada cut Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $15.00 price target (down from $17.00) on shares of Americold Realty Trust in a research report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.