Americold Realty Trust CEO acquires $1.98 million in stock

In a recent transaction, George F. Chappelle Jr., the Chief Executive Officer of Americold Realty Trust (NYSE:COLD), a prominent player in the Industrial REITs industry with a market capitalization of $5.07 billion, acquired a substantial amount of the company’s common stock. On May 12, Chappelle purchased 110,000 shares for a total value of approximately $1.98 million. The shares were bought at a weighted average price of $17.987 per share, with prices ranging from $17.77 to $18.11 during multiple open market transactions. The purchase comes as the stock trades near $17.71, offering a 5.2% dividend yield, with analysts setting price targets between $20 and $31. InvestingPro analysis indicates the company is expected to return to profitability this year. This acquisition was made for the benefit of an Irrevocable Trust, with Chappelle’s spouse serving as the Trustee. Following this transaction, the trust now holds 110,000 shares of Americold Realty Trust. For deeper insights into insider trading patterns and comprehensive financial analysis, including 6 additional ProTips, check out the detailed Pro Research Report available on InvestingPro.

In other recent news, Americold Realty Trust reported its first-quarter 2025 earnings, which fell short of market expectations. The company posted an earnings per share (EPS) of -$0.06, significantly missing the forecasted $0.05, and revenue of $628.98 million, below the projected $667.18 million. Following the earnings release, Americold revised its full-year 2025 Adjusted Funds From Operations (AFFO) guidance to a range of $1.42 to $1.52 per share, a reduction from the previous forecast. This adjustment is primarily due to the uncertain macroeconomic environment impacting the company’s revenue outlook.

Raymond (NSE:RYMD) James and Evercore ISI both adjusted their price targets for Americold Realty Trust to $25, down from $27 and $28, respectively, while maintaining an Outperform rating. Evercore ISI noted that despite the revenue shortfall, Americold’s cost management and efficiency improvements led to a better-than-expected performance. The company’s first-quarter AFFO of $0.34 slightly exceeded Evercore ISI’s estimate of $0.32. However, Americold’s full-year 2025 AFFO guidance was revised downward by $0.08 at the midpoint, reflecting challenges in the macroeconomic environment.

Americold is expected to experience a shift in supply and demand dynamics later in the year, similar to the broader industrial sector. Despite the current challenges, analysts at Raymond James remain constructive on Americold’s prospects, highlighting the company’s potential for sustained growth through efficiency initiatives and strategic partnerships. Americold’s strategic focus includes new facility launches and partnerships to drive future growth, although the company faces headwinds such as tariffs and low consumer confidence impacting demand.

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