Americold Realty Trust (NYSE:COLD) Trading Down 9.6% – Here’s Why

Americold Realty Trust Inc. (NYSE:COLDGet Free Report) fell 9.6% during trading on Thursday . The company traded as low as $13.93 and last traded at $13.8350. 7,310,963 shares changed hands during trading, an increase of 58% from the average daily volume of 4,621,100 shares. The stock had previously closed at $15.30.

Wall Street Analysts Forecast Growth

Several brokerages have commented on COLD. Wells Fargo & Company increased their price target on Americold Realty Trust from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Robert W. Baird set a $15.00 price objective on shares of Americold Realty Trust in a report on Friday, May 8th. Piper Sandler raised their target price on shares of Americold Realty Trust from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Americold Realty Trust in a report on Wednesday, June 24th. Finally, Barclays boosted their target price on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.29.

Get Our Latest Analysis on COLD

Americold Realty Trust Trading Down 9.4%

The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of -35.45 and a beta of 0.96. The business has a fifty day moving average price of $15.09 and a 200 day moving average price of $13.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.11 and a quick ratio of 0.11.

Americold Realty Trust (NYSE:COLDGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.33. The business had revenue of $629.87 million for the quarter, compared to the consensus estimate of $613.77 million. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. Americold Realty Trust’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.34 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities analysts expect that Americold Realty Trust Inc. will post 1.16 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.6%. Americold Realty Trust’s dividend payout ratio is -235.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COLD. Geneos Wealth Management Inc. increased its stake in shares of Americold Realty Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after buying an additional 806 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Americold Realty Trust by 51.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock valued at $36,000 after acquiring an additional 942 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Americold Realty Trust by 63.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after acquiring an additional 948 shares during the period. Norinchukin Bank The boosted its holdings in Americold Realty Trust by 8.0% in the third quarter. Norinchukin Bank The now owns 13,465 shares of the company’s stock valued at $165,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in Americold Realty Trust by 9.2% in the fourth quarter. Empowered Funds LLC now owns 13,762 shares of the company’s stock valued at $177,000 after acquiring an additional 1,164 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

About Americold Realty Trust

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Americold Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Americold Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.