Americold Realty Trust (NYSE:COLD) Shares Cross Above 50-Day Moving Average – What’s Next?

Americold Realty Trust Inc. (NYSE:COLD) shares passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $14.40 and traded as high as $14.60. Americold Realty Trust shares last traded at $14.5880, with a volume of 2,557,728 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on COLD. UBS Group reduced their price objective on shares of Americold Realty Trust from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, October 20th. Piper Sandler lowered their target price on shares of Americold Realty Trust from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. JPMorgan Chase & Co. raised shares of Americold Realty Trust from an “underweight” rating to a “neutral” rating and set a $16.00 target price for the company in a report on Thursday, September 24th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $16.00 price target on shares of Americold Realty Trust in a research report on Monday, August 17th. Finally, Evercore reissued an “outperform” rating and set a $19.00 price target on shares of Americold Realty Trust in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Hold” and an average target price of $15.46.

Americold Realty Trust Stock Up 3.5%

The firm has a market cap of $4.16 billion, a price-to-earnings ratio of -9.17 and a beta of 0.92. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $14.40 and a 200-day moving average price of $13.80.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.35 EPS for the quarter. The business 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 17.44% and a negative return on equity of 16.14%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities analysts forecast that Americold Realty Trust Inc. will post 1.22 EPS for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.3%. Americold Realty Trust’s payout ratio is presently -57.86%.

Institutional Trading of Americold Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of COLD. Patten Group Inc. increased its stake in shares of Americold Realty Trust by 6.8% during the 1st quarter. Patten Group Inc. now owns 21,291 shares of the company’s stock worth $244,000 after purchasing an additional 1,360 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Americold Realty Trust by 51.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,222 shares of the company’s stock worth $48,000 after purchasing an additional 1,441 shares during the last quarter. Rehmann Capital Advisory Group raised its position in shares of Americold Realty Trust by 13.2% during the 2nd quarter. Rehmann Capital Advisory Group now owns 12,768 shares of the company’s stock worth $201,000 after purchasing an additional 1,492 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Americold Realty Trust by 8.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 19,719 shares of the company’s stock worth $226,000 after purchasing an additional 1,529 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Americold Realty Trust by 79.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,834 shares of the company’s stock valued at $60,000 after buying an additional 1,699 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. Through its operating platform, Americold Logistics, the company provides refrigerated and frozen storage, handling, transportation and supply-chain services for food producers, retailers, distributors and other customers.

Its facilities support the movement of perishable products, including meat, seafood, dairy, fruit, vegetables, prepared foods and pharmaceuticals.