DAVENPORT & Co LLC Buys New Shares in Americold Realty Trust Inc. $COLD

DAVENPORT & Co LLC bought a new position in Americold Realty Trust Inc. (NYSE:COLD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,184,644 shares of the company’s stock, valued at approximately $38,980,000. DAVENPORT & Co LLC owned 1.12% of Americold Realty Trust as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake 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 worth $25,000 after acquiring an additional 1,495 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Americold Realty Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after purchasing an additional 806 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in Americold Realty Trust in the 1st quarter worth approximately $36,000. EverSource Wealth Advisors LLC boosted its stake in Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after purchasing an additional 1,593 shares during the period. Finally, Whipplewood Advisors LLC grew its holdings in Americold Realty Trust by 10,869.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock valued at $42,000 after buying an additional 2,500 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COLD. JPMorgan Chase & Co. dropped their target price on shares of Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, November 14th. Royal Bank Of Canada downgraded shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Americold Realty Trust in a report on Monday. Wall Street Zen downgraded Americold Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Finally, Wells Fargo & Company cut their price target on Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.92.

Americold Realty Trust Stock Down 1.3%

Shares of NYSE:COLD opened at $12.22 on Wednesday. The company has a market cap of $3.48 billion, a price-to-earnings ratio of -55.52, a PEG ratio of 3.89 and a beta of 0.96. Americold Realty Trust Inc. has a 12 month low of $10.10 and a 12 month high of $23.52. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $11.99 and a 200 day moving average price of $14.00.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate 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 1.96% and a negative net margin of 2.39%.The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, equities research analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.23 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 7.5%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -418.18%.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.