Americold Realty Trust (NYSE:COLD) Trading Up 4.9% – What’s Next?

Americold Realty Trust Inc. (NYSE:COLD) shares rose 4.9% during mid-day trading on Tuesday . The company traded as high as $13.54 and last traded at $13.3750. Approximately 1,628,642 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 4,235,763 shares. The stock had previously closed at $12.75.

Analyst Ratings Changes

COLD has been the topic of several recent analyst reports. Zacks Research raised Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Evercore ISI cut their price objective on Americold Realty Trust from $14.00 to $13.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Truist Financial reduced their target price on shares of Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, December 24th. Wells Fargo & Company lowered their target price on shares of Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Americold Realty Trust presently has an average rating of “Hold” and an average target price of $13.83.

Americold Realty Trust Trading Up 4.6%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $3.80 billion, a price-to-earnings ratio of -60.66, a price-to-earnings-growth ratio of 4.02 and a beta of 0.96. The business has a 50 day simple moving average of $11.91 and a 200 day simple moving average of $13.86.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.The company had revenue of $663.67 million during the quarter, compared to analyst estimates of $659.51 million. During the same period last year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, equities analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.9%. Americold Realty Trust’s payout ratio is currently -418.18%.

Institutional Trading of Americold Realty Trust

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Americold Realty Trust during the 2nd quarter worth $206,317,000. Baupost Group LLC MA bought a new stake in shares of Americold Realty Trust during the third quarter worth $44,064,000. DAVENPORT & Co LLC acquired a new position in shares of Americold Realty Trust during the third quarter valued at $38,980,000. American Century Companies Inc. lifted its stake in shares of Americold Realty Trust by 53.4% during the third quarter. American Century Companies Inc. now owns 7,913,079 shares of the company’s stock valued at $96,856,000 after acquiring an additional 2,754,751 shares during the period. Finally, Lasalle Investment Management Securities LLC boosted its holdings in Americold Realty Trust by 78.2% in the second quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company’s stock valued at $103,322,000 after acquiring an additional 2,726,809 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

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.