Americold Realty Trust (NYSE:COLD) Trading 6.5% Higher – Here’s What Happened

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

Analyst Upgrades and Downgrades

COLD has been the topic of a number of recent analyst reports. Compass Point began coverage on Americold Realty Trust in a research report on Wednesday. They issued a “buy” rating and a $14.50 target price on the stock. Evercore set a $14.00 price target on shares of Americold Realty Trust in a report on Friday, February 20th. Citigroup upped their price objective on shares of Americold Realty Trust from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a research note on Monday, December 29th. Finally, Wells Fargo & Company raised their target price on shares of Americold Realty Trust from $11.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.39.

Americold Realty Trust Stock Performance

The company has a fifty day moving average price of $12.73 and a two-hundred day moving average price of $12.59. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $3.33 billion, a P/E ratio of -29.24, a PEG ratio of 4.14 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.68). The business had revenue of $658.45 million during the quarter, compared to the consensus estimate of $654.55 million. Americold Realty Trust had a negative net margin of 4.40% and a negative return on equity of 3.71%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.23 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.92 annualized dividend and a yield of 7.9%. Americold Realty Trust’s dividend payout ratio is presently -230.00%.

Hedge Funds Weigh In On Americold Realty Trust

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Americold Realty Trust during the 2nd quarter valued at about $206,317,000. Baupost Group LLC MA bought a new position in Americold Realty Trust in the 3rd quarter worth $44,064,000. DAVENPORT & Co LLC purchased a new stake in Americold Realty Trust in the third quarter worth about $38,980,000. Rush Island Management LP purchased a new position in shares of Americold Realty Trust in the 4th quarter valued at approximately $37,663,000. Finally, Morgan Stanley boosted its holdings in shares of Americold Realty Trust by 114.4% during the 4th quarter. Morgan Stanley now owns 5,330,331 shares of the company’s stock valued at $68,548,000 after buying an additional 2,844,402 shares in the last quarter. 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.