Americold Realty Trust (NYSE:COLD) Shares Down 9.6% – Here’s What Happened

Americold Realty Trust Inc. (NYSE:COLD)’s stock price fell 9.6% during trading on Thursday . The company traded as low as $13.93 and last traded at $13.8350. Approximately 7,310,963 shares changed hands during mid-day trading, an increase of 58% from the average daily volume of 4,621,100 shares. The stock had previously closed at $15.30.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Americold Realty Trust from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday. Weiss Ratings raised Americold Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Evercore raised Americold Realty Trust from an “in-line” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Friday, June 26th. UBS Group upped their price target on Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Finally, Scotiabank set a $15.00 price target on Americold Realty Trust in a report on Friday. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $15.25.

Americold Realty Trust Price Performance

The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of -36.70 and a beta of 0.96. The business’s fifty day moving average price is $15.08 and its 200-day moving average price is $13.47. 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) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.33. The business had revenue of $629.87 million for 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, research analysts forecast that Americold Realty Trust Inc. will post 1.15 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.4%. Americold Realty Trust’s payout ratio is presently -235.90%.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of Americold Realty Trust by 42.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company’s stock worth $45,025,000 after acquiring an additional 626,160 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Americold Realty Trust during the first quarter valued at about $240,000. Jane Street Group LLC boosted its holdings in Americold Realty Trust by 8.7% during the first quarter. Jane Street Group LLC now owns 71,335 shares of the company’s stock worth $1,531,000 after purchasing an additional 5,693 shares during the last quarter. Quantbot Technologies LP bought a new stake in Americold Realty Trust in the 2nd quarter worth about $86,000. Finally, EverSource Wealth Advisors LLC grew its position in Americold Realty Trust by 252.5% in 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. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.