Truist reiterates Buy on Americold stock, lifts earnings estimates

Investing.com reports that Truist Securities has reaffirmed its Buy rating on Americold Realty Trust (NYSE:COLD) and maintained a $16.00 price target for the cold storage real estate investment trust. The firm has also increased its projections for 2026 and 2027 funds available for distribution. Analysts cite Americold's quarter-over-quarter momentum, driven by improved net operating income, as a key factor in their positive outlook.

The stock has outperformed the sector with a 9% year-to-date gain versus 4% for REITs as a whole and a 1% decline for Lineage (NYSE:LINE), which also holds a Buy rating from Truist. Americold's shares have produced a 26% return over the past six months, and market data suggests the stock is trading at a discount relative to peers.

The brokerage firm notes that Americold's occupancy, blended price, and throughput metrics are improving, and the stock is currently undervalued based on Fair Value analysis. Truist expects earnings to reach a trough this year, implying a potential total return of 21.1% when including the stock's 6.6% dividend yield. Americold operates temperature-controlled warehouses for food and pharmaceutical products across multiple regions.

In related news, the company reported revenue of $662.9 million in Q2 2026, surpassing expectations, but reported a loss on earnings per share. Despite the earnings shortfall, Americold raised its full-year adjusted funds from operations outlook to signal optimism about its financial future. BofA Securities upgraded the stock to Neutral from Underperform, citing improvements in occupancy and throughput.

KeyBanc maintained its Overweight rating with an $18.00 price target and increased adjusted funds from operations estimates for 2026 and 2027. These developments reflect the positive impact of Americold's strategic adjustments and execution. USDA Cold Storage inventory data shows increased levels in June, aligning with seasonal trends.