Americold Realty Trust (NYSE:COLD) Shares Gap Up – What’s Next?

Shares of Americold Realty Trust Inc. (NYSE:COLD) gapped up before the market opened on Friday . The stock had previously closed at $14.93, but opened at $15.48. Americold Realty Trust shares last traded at $15.5410, with a volume of 457,178 shares traded.

Analysts Set New Price Targets

A number of brokerages recently weighed in on COLD. Scotiabank raised their price target on shares of Americold Realty Trust from $14.00 to $15.50 and gave the company a “sector perform” rating in a research note on Thursday, May 14th. Royal Bank Of Canada increased their target price on Americold Realty Trust from $14.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, May 26th. Compass Point assumed coverage on Americold Realty Trust in a research report on Wednesday, March 18th. They issued a “buy” rating and a $14.50 target price on the stock. Wells Fargo & Company lifted their price target on Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, Piper Sandler began coverage on Americold Realty Trust in a research report on Wednesday, April 1st. They set a “neutral” rating and a $13.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.79.

Americold Realty Trust Stock Up 4.3%

The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of -39.95 and a beta of 0.97. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average is $14.03 and its two-hundred day moving average is $13.00.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.33. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The company had revenue of $629.87 million during the quarter, compared to the consensus estimate of $613.77 million. During the same quarter in the prior year, the firm earned $0.34 EPS. Americold Realty Trust’s quarterly revenue was up .2% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities analysts anticipate that Americold Realty Trust Inc. will post 1.16 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -235.90%.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Americold Realty Trust in the 4th quarter valued at $152,684,000. Baupost Group LLC MA acquired a new position in shares of Americold Realty Trust during the 3rd quarter valued at about $44,064,000. Rush Island Management LP acquired a new position in shares of Americold Realty Trust during the 4th quarter valued at about $37,663,000. Morgan Stanley grew its holdings in shares of Americold Realty Trust by 114.4% in the fourth quarter. Morgan Stanley now owns 5,330,331 shares of the company’s stock valued at $68,548,000 after purchasing an additional 2,844,402 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Americold Realty Trust by 53.4% in the third quarter. American Century Companies Inc. now owns 7,913,079 shares of the company’s stock valued at $96,856,000 after purchasing an additional 2,754,751 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.