Algebris UK Ltd. Acquires New Shares in Americold Realty Trust Inc. $COLD

Algebris UK Ltd. acquired a new position in shares of Americold Realty Trust Inc. (NYSE:COLD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 901,237 shares of the company’s stock, valued at approximately $11,023,000. Algebris UK Ltd. owned 0.32% of Americold Realty Trust at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COLD. Y Intercept Hong Kong Ltd lifted its position in Americold Realty Trust by 78.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 395,854 shares of the company’s stock valued at $4,845,000 after acquiring an additional 173,975 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Americold Realty Trust by 19.5% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 125,691 shares of the company’s stock valued at $1,567,000 after purchasing an additional 20,488 shares during the period. Strs Ohio lifted its holdings in shares of Americold Realty Trust by 26.7% in the third quarter. Strs Ohio now owns 490,717 shares of the company’s stock valued at $6,006,000 after purchasing an additional 103,303 shares in the last quarter. Covestor Ltd boosted its position in shares of Americold Realty Trust by 1,533.1% during the third quarter. Covestor Ltd now owns 5,128 shares of the company’s stock worth $63,000 after buying an additional 4,814 shares during the period. Finally, Vert Asset Management LLC boosted its position in shares of Americold Realty Trust by 2.6% during the third quarter. Vert Asset Management LLC now owns 127,779 shares of the company’s stock worth $1,564,000 after buying an additional 3,297 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on COLD shares. Royal Bank Of Canada cut shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. UBS Group upped their target price on Americold Realty Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Citigroup decreased their price target on Americold Realty Trust from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. KeyCorp lowered their price target on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Finally, Truist Financial dropped their price objective on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, December 24th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Americold Realty Trust has an average rating of “Hold” and an average price target of $13.92.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $13.26 on Monday. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of -60.25, a PEG ratio of 4.70 and a beta of 0.91. The stock’s 50 day moving average is $12.18 and its 200-day moving average is $13.38. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.16. Americold Realty Trust Inc. has a 12 month low of $10.10 and a 12 month high of $23.52.

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

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Wednesday, December 31st. Americold Realty Trust’s dividend payout ratio is presently -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.