Americold Realty Trust (NYSE:COLD) Shares Gap Up – Here’s Why

by · The Markets Daily

Americold Realty Trust Inc. (NYSE:COLD – Get Free Report) shares 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.

Analyst Ratings Changes

A number of research firms have recently weighed in on COLD. Barclays increased their price objective on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Compass Point assumed 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. Scotiabank lifted their price objective on 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 boosted their price objective 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. Finally, Wall Street Zen upgraded Americold Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.79.

Read Our Latest Stock Analysis on Americold Realty Trust

Americold Realty Trust Price Performance

The stock’s fifty day moving average is $14.03 and its 200-day moving average is $13.00. The stock has a market capitalization of $4.44 billion, a PE ratio of -39.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.11 and a quick ratio of 0.11.

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

Americold Realty Trust Dividend Announcement

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

Institutional Trading of Americold Realty Trust

Institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake in shares of 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 buying an additional 806 shares during the period. Ameriflex Group Inc. purchased a new stake in Americold Realty Trust in the 4th quarter worth $26,000. EverSource Wealth Advisors LLC raised its position in 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 acquiring an additional 1,593 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Americold Realty Trust by 63.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after purchasing an additional 948 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Americold Realty Trust by 51.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock valued at $36,000 after purchasing an additional 942 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

About Americold Realty Trust

(Get Free Report)

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.

Featured Stories