Americold Realty Trust (NYSE:COLD) Stock Price Up 13.4% Following Strong Earnings

Americold Realty Trust Inc. (NYSE:COLD) traded up 13.4% on Thursday following a stronger than expected earnings report. The stock traded as high as $14.54 and last traded at $14.4010. 1,747,884 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 4,546,419 shares. The stock had previously closed at $12.70.

The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.33. Americold Realty Trust had a negative return on equity of 3.71% and a negative net margin of 4.40%.The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.23 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.3%. Americold Realty Trust’s dividend payout ratio (DPR) is -230.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Scotiabank upgraded Americold Realty Trust to a “hold” rating in a report on Wednesday, March 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a report on Friday, March 27th. Bank of America downgraded Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 target price for the company. in a research report on Thursday, February 5th. UBS Group lifted their target price on Americold Realty Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, Compass Point initiated coverage on Americold Realty Trust in a research report on Wednesday, March 18th. They set a “buy” rating and a $14.50 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $14.10.

Hedge Funds Weigh In On Americold Realty Trust

Large investors have recently made changes to their positions in the business. LRI Investments LLC increased its stake in Americold Realty Trust by 90.4% during the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after acquiring an additional 1,026 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of Americold Realty Trust during the fourth quarter valued at approximately $26,000. Geneos Wealth Management Inc. increased its holdings in Americold Realty Trust by 100.0% during the 2nd 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. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Americold Realty Trust by 63.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after buying an additional 948 shares during the period. Finally, Avalon Trust Co purchased a new position in shares of Americold Realty Trust during the third quarter valued at $32,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

The firm has a fifty day moving average of $12.08 and a two-hundred day moving average of $12.28. The stock has a market capitalization of $4.14 billion, a P/E ratio of -36.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12.

Americold Realty Trust Company Profile

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.