Boston Partners Reduces Stake in Americold Realty Trust Inc. $COLD

Boston Partners lessened its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 13.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 418,023 shares of the company’s stock after selling 64,118 shares during the quarter. Boston Partners owned about 0.15% of Americold Realty Trust worth $6,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of COLD. Caitong International Asset Management Co. Ltd boosted its position in shares of Americold Realty Trust by 49,833.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock valued at $25,000 after acquiring an additional 1,495 shares during the period. GKV Capital Management Co. Inc. purchased a new stake in Americold Realty Trust in the 1st quarter worth approximately $36,000. Whipplewood Advisors LLC lifted its stake in Americold Realty Trust by 10,869.6% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock worth $42,000 after purchasing an additional 2,500 shares in the last quarter. Assetmark Inc. boosted its holdings in Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the period. Finally, Avalon Trust Co purchased a new position in shares of Americold Realty Trust during the 1st quarter valued at $49,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Trading Up 0.4%

Shares of COLD stock opened at $10.83 on Friday. The business has a 50-day moving average price of $12.33 and a two-hundred day moving average price of $14.67. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $24.11. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.08 billion, a P/E ratio of -57.00, a price-to-earnings-growth ratio of 4.00 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $663.67 million for the quarter, compared to analysts’ expectations of $659.51 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.Americold Realty Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. Equities analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date was Tuesday, September 30th. Americold Realty Trust’s payout ratio is presently -418.18%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COLD. JPMorgan Chase & Co. lowered their price objective on Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, November 14th. Scotiabank decreased their target price on Americold Realty Trust from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 12th. Barclays lowered their price target on Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Truist Financial cut their price objective on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Finally, Zacks Research upgraded shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Americold Realty Trust has a consensus rating of “Hold” and an average price target of $16.31.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.