Americold
COLD
Market cap $7.44B

26.17 USD

-0.60

2.24%

At close Oct 21, 4:00 PM EDT

After hours

26.13

-0.04

0.15%

1 day

-2.24%

5 days

-2.53%

1 month

-9.23%

3 months

-8.94%

6 months

14.78%

Year to date

-13.63%

1 year

1.04%

5 years

-31.69%

About: Americold Realty Trust Inc is the world's second-largest owner and operator of temperature-controlled warehouses behind privately held Lineage Logistics. The Atlanta, Georgia-based firm owns and operates approximately 245 temperature-controlled warehouses, spanning 1.5 billion cubic feet. In 2022, the firm derived more than 80% of its revenue from the United States but also has sizable operations in Europe, Canada, Australia, and New Zealand. Americold supplements its core business by providing supply management and transportation services to its various customers. It operates as a real estate investment trust.

Employees: 14,706

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

33% more funds holding in top 10

Funds holding in top 10: 6 [Q1] → 8 (+2) [Q2]

29% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 59

12% more capital invested

Capital invested by funds: $6.6B [Q1] → $7.37B (+$763M) [Q2]

8.0% more ownership

Funds ownership: 93.51% [Q1] → 101.51% (+8.0%) [Q2]

5% more funds holding

Funds holding: 345 [Q1] → 362 (+17) [Q2]

3% more repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 126

77% less call options, than puts

Call options by funds: $773K | Put options by funds: $3.4M

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$25

4%

downside

Avg. target

$31

17%

upside

High target

$34

30%

upside

6 analyst ratings

4 positive

67%

2 neutral

33%

0 negative

0%

Evercore ISI Group Samir Khanal 25% 1-year accuracy 1 / 4 met price target	30%upside $34	Outperform Maintained	28 Aug 2024
Wells Fargo Blaine Heck 58% 1-year accuracy 7 / 12 met price target	15%upside $30	Equal-Weight Maintained	28 Aug 2024
Scotiabank Greg McGinniss 100% 1-year accuracy 1 / 1 met price target	18%upside $31	Sector Outperform Maintained	19 Aug 2024
Truist Securities Ki Bin Kim 75% 1-year accuracy 30 / 40 met price target	26%upside $33	Buy Maintained	16 Aug 2024
Barclays Anthony Powell 59% 1-year accuracy 16 / 27 met price target	4%downside $25	Equal-Weight Maintained	14 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about COLD published over the past 30 days

Essential Business Spotlight: Cold Storage

Cold Storage REITs like Americold and Lineage are essential due to their role in reducing food spoilage and supporting the cold chain infrastructure. Key growth drivers include online grocery adoption, increased frozen food consumption, recovering margins, and consolidation opportunities, making Cold Storage REITs attractive investments. Despite operational challenges, COLD's management has navigated well, and the company is poised for strong AFFO growth, justifying an overweight position.

Essential Business Spotlight: Cold Storage

Zacks Investment Research

Here is Why Growth Investors Should Buy Americold Realty Trust (COLD) Now

Americold Realty Trust (COLD) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here is Why Growth Investors Should Buy Americold Realty Trust (COLD) Now

Zacks Investment Research

Americold Realty Trust (COLD) Upgraded to Buy: What Does It Mean for the Stock?

Americold Realty Trust (COLD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Americold Realty Trust (COLD) Upgraded to Buy: What Does It Mean for the Stock?

Americold Realty Trust, Inc. Sets Date for Third Quarter 2024 Earnings Release and Conference Call

ATLANTA, GA., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled logistics real estate and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced that the Company will release third quarter 2024 financial results before the market opens on Thursday, November 7, 2024. A conference call will be held on Thursday, November 7, 2024 at 8:00 a.m. Eastern Time.

Americold Realty Trust, Inc. Sets Date for Third Quarter 2024 Earnings Release and Conference Call

Americold Announces Pricing Terms for $500 Million Senior Unsecured Notes Offering

ATLANTA, GA., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company” or “Americold”), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, announced today that its operating partnership, Americold Realty Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), has priced an underwritten public offering of $500 million of its 5.409% notes due September 12, 2034 (the “Notes”). The Notes, which were priced at 100% of their principal amount to yield 5.409% to maturity, will be fully and unconditionally guaranteed, jointly and severally (the “Guarantees” and, together with the Notes, the “Securities”), by each of the Company, Americold Realty Operations, Inc., a Delaware corporation and wholly-owned subsidiary of the Company and a limited partner of the Operating Partnership (the “Limited Partner”), and certain subsidiaries of the Operating Partnership (the “Subsidiary Guarantors” and, together with the Company and the Limited Partner, the “Guarantors”). The offering is expected to close on September 12, 2024, subject to customary closing conditions.

Americold Announces Pricing Terms for $500 Million Senior Unsecured Notes Offering

The Time Has Come

U.S. equity markets rallied this week while benchmark interest rates tumbled to the lows of the year after Fed Chair Powell stated that the "time has come" to cut rates. The dovish pivot, underscored by an emphasis on "cooling labor markets," was further supported by data from the BLS showing that job growth has been far weaker than initially reported. The S&P 500 gained 1.4% this week, lifting the major benchmark to back within 0.5% of all-time record-highs. The Small-Cap 600 and Mid-Cap 400 each rallied nearly 3%.

The Time Has Come

Americold: 2 Likely Paths To Success For The Beaten REIT

Cold storage facilities are specialized, capital intensive, and expensive, so REITs often avoid them. Americold Realty or COLD is a leading cold storage REIT that has seen significant growth since going public in 2018, but recent performance has slowed. Despite recent challenges, COLD has potential for valuation improvement or acquisition, offering opportunities for shareholder value.

Americold: 2 Likely Paths To Success For The Beaten REIT

Americold Realty Trust, Inc. (COLD) Q2 2024 Earnings Call Transcript

Americold Realty Trust, Inc. (NYSE:COLD ) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Kevin Reed - VP, IR George Chappelle - CEO Rob Chambers - President, Americas Jay Wells - CFO Conference Call Participants Mike Mueller - J.P. Morgan Samir Khanal - Evercore ISI Josh Dennerlein - Bank of America Greg McGinnis - Scotiabank Michael Carroll - RBC Capital Markets Vince Tibone - Green Street Nick Thillman - Baird Ki Bin Kim - Truist Securities Craig Mailman - Citi Todd Thomas - KeyBanc Capital Markets Operator Greetings, and welcome to Americold Realty Trust Second Quarter 2024 Earnings Conference Call.

Americold Realty Trust, Inc. (COLD) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Americold Realty Trust (COLD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Americold Realty Trust (COLD) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Americold Realty Trust (COLD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Americold Realty Trust Inc. (COLD) Q2 FFO Top Estimates

Americold Realty Trust Inc. (COLD) came out with quarterly funds from operations (FFO) of $0.38 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.28 per share a year ago.

Americold Realty Trust Inc. (COLD) Q2 FFO Top Estimates

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