Americold Realty Trust (NYSE:COLD) Shares Gap Up - What's Next?

Key Points

• Americold Realty Trust shares jumped: COLD opened at $15.32 versus a prior close of $14.03, with recent trading near $15.18.
• Analyst sentiment remains mixed: Evercore upgraded the stock to “outperform” with an $18 target, while the broader analyst consensus is “Hold” with an average target of $15.25.
• Financial highlights include a 6.1% dividend yield: The company reported quarterly EPS of $0.35 and revenue of $662.89 million, exceeding estimates, but continues to show negative net margin and return on equity. Institutional investors own 98.14% of shares.

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $14.03, but opened at $15.32. Americold Realty Trust shares last traded at $15.1840, with a volume of 912,169 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Americold Realty Trust from $13.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, July 17th. Citigroup lifted their price target on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. Evercore upgraded Americold Realty Trust from an "in-line" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research note on Friday, June 26th. Royal Bank Of Canada increased 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, Barclays raised their target price on Americold Realty Trust from $12.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $15.25.

Americold Realty Trust Price Performance

The stock has a market cap of $4.32 billion, a P/E ratio of -38.50 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 simple moving average is $15.03 and its two-hundred day simple moving average is $13.53.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $662.89 million for the quarter, compared to analyst estimates of $613.54 million. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Sell-side analysts expect that Americold Realty Trust Inc. will post 1.15 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.1%. Americold Realty Trust's payout ratio is presently -235.90%.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its position in shares of Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company's stock valued at $27,000 after purchasing an additional 806 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Americold Realty Trust during the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC lifted its holdings in Americold Realty Trust by 252.5% during the 2nd 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. Caitong International Asset Management Co. Ltd boosted its stake in 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 purchasing an additional 948 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Americold Realty Trust by 51.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company's stock worth $36,000 after purchasing an additional 942 shares during the period. Hedge funds and other institutional investors 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.

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