Americold Realty Trust (NYSE:COLD) Issues Earnings Results, Meets Estimates

Americold Realty Trust (NYSE:COLD) issued its quarterly earnings data on Thursday. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35, Zacks reports. The firm had revenue of $663.67 million during the quarter, compared to the consensus estimate of $659.51 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. Americold Realty Trust updated its FY 2025 guidance to 1.390-1.450 EPS.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock traded down $0.08 during trading on Friday, hitting $11.79. The stock had a trading volume of 7,575,180 shares, compared to its average volume of 3,795,791. Americold Realty Trust has a fifty-two week low of $11.46 and a fifty-two week high of $24.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market cap of $3.36 billion, a P/E ratio of -62.03, a PEG ratio of 4.00 and a beta of 0.84. The business has a fifty day moving average of $13.19 and a two-hundred day moving average of $15.53.

Americold Realty Trust Announces Dividend

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

Institutional Trading of Americold Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. grew 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 acquiring an additional 806 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Americold Realty Trust by 1.9% during the second quarter. First Trust Advisors LP now owns 73,671 shares of the company’s stock worth $1,225,000 after purchasing an additional 1,378 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Americold Realty Trust by 252.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after purchasing an additional 1,593 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Americold Realty Trust by 2.5% during the second quarter. Tidal Investments LLC now owns 90,021 shares of the company’s stock valued at $1,497,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Americold Realty Trust by 59.4% during the second quarter. Osaic Holdings Inc. now owns 6,803 shares of the company’s stock valued at $116,000 after purchasing an additional 2,535 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COLD has been the subject of several recent research reports. JPMorgan Chase & Co. restated an “underweight” rating and set a $15.00 price target (down previously from $17.00) on shares of Americold Realty Trust in a research report on Tuesday, September 23rd. Evercore ISI reissued an “in-line” rating and set a $13.00 target price (down from $19.00) on shares of Americold Realty Trust in a research note on Friday. Royal Bank Of Canada lowered shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Friday. Truist Financial cut their price target on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Americold Realty Trust in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.31.

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.