Clear Harbor Asset Management LLC Makes New $485,000 Investment in Americold Realty Trust Inc. $COLD

Clear Harbor Asset Management LLC acquired a new stake in Americold Realty Trust Inc. (NYSE:COLD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 39,590 shares of the company’s stock, valued at approximately $485,000.

A number of other institutional investors also recently modified their holdings of COLD. Norges Bank bought a new position in shares of Americold Realty Trust in the 2nd quarter worth $206,317,000. State Street Corp lifted its stake in shares of Americold Realty Trust by 4.8% in the second quarter. State Street Corp now owns 10,705,522 shares of the company’s stock valued at $180,437,000 after buying an additional 493,256 shares in the last quarter. Lasalle Investment Management Securities LLC grew its holdings in shares of Americold Realty Trust by 78.2% during the second quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company’s stock valued at $103,322,000 after buying an additional 2,726,809 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Americold Realty Trust by 31.7% during the second quarter. American Century Companies Inc. now owns 5,158,328 shares of the company’s stock valued at $85,783,000 after buying an additional 1,241,241 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Americold Realty Trust by 46.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,461 shares of the company’s stock worth $62,470,000 after acquiring an additional 1,182,707 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Trading Up 0.9%

Shares of Americold Realty Trust stock opened at $13.27 on Friday. The firm has a market cap of $3.78 billion, a PE ratio of -60.30, a P/E/G ratio of 4.67 and a beta of 0.91. Americold Realty Trust Inc. has a 1 year low of $10.10 and a 1 year high of $23.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a fifty day moving average price of $11.85 and a 200-day moving average price of $13.67.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. The company had revenue of $663.67 million during the quarter, compared to analyst estimates of $659.51 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. Equities research analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is currently -418.18%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Scotiabank boosted their price objective on Americold Realty Trust from $12.00 to $14.00 and gave the stock a “sector perform” rating in a report on Friday. Evercore ISI decreased their price target on Americold Realty Trust from $14.00 to $13.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Royal Bank Of Canada lowered Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Barclays dropped their price objective on Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust presently has an average rating of “Hold” and a consensus target price of $14.08.

Americold Realty Trust Profile

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.