Americold Realty Trust (NYSE:COLD) Posts Earnings Results, Meets Expectations

Americold Realty Trust (NYSE:COLD) released its quarterly earnings results on Thursday. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35, Zacks reports. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The company had revenue of $663.67 million for the quarter, compared to analysts’ expectations of $659.51 million. During the same period in the previous year, the business posted $0.35 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Americold Realty Trust updated its FY 2025 guidance to 1.390-1.450 EPS.

Americold Realty Trust Stock Down 0.6%

Americold Realty Trust stock traded down $0.08 during midday trading on Friday, reaching $11.79. The stock had a trading volume of 7,575,180 shares, compared to its average volume of 3,795,791. The company has a fifty day moving average price of $13.19 and a two-hundred day moving average price of $15.53. Americold Realty Trust has a 12 month low of $11.46 and a 12 month high of $24.22. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The company 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.

Americold Realty Trust Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on COLD shares. Evercore ISI reiterated an “in-line” rating and set a $13.00 target price (down from $19.00) on shares of Americold Realty Trust in a research report on Friday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $15.00 price target (down previously from $17.00) on shares of Americold Realty Trust in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Americold Realty Trust in a research note on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Finally, Wall Street Zen lowered Americold Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.31.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in shares of 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 period. EverSource Wealth Advisors LLC grew its position in Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after purchasing an additional 1,593 shares during the period. Quantbot Technologies LP bought a new stake in Americold Realty Trust during the 2nd quarter valued at $86,000. Headlands Technologies LLC raised its holdings in Americold Realty Trust by 128.8% during the second quarter. Headlands Technologies LLC now owns 6,545 shares of the company’s stock worth $109,000 after buying an additional 3,684 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Americold Realty Trust by 59.4% in the second quarter. Osaic Holdings Inc. now owns 6,803 shares of the company’s stock valued at $116,000 after buying an additional 2,535 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

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.