Bank of New York Mellon Corp Purchases 40,119 Shares of Americold Realty Trust Inc. $COLD

Bank of New York Mellon Corp increased its position in Americold Realty Trust Inc. (NYSE:COLD) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,877,615 shares of the company’s stock after buying an additional 40,119 shares during the quarter. Bank of New York Mellon Corp owned 1.01% of Americold Realty Trust worth $32,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Americold Realty Trust by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 38,597,711 shares of the company’s stock valued at $496,367,000 after acquiring an additional 388,809 shares during the last quarter. Norges Bank bought a new stake in shares of Americold Realty Trust in the 4th quarter valued at about $152,684,000. State Street Corp increased its stake in shares of Americold Realty Trust by 0.7% in the fourth quarter. State Street Corp now owns 10,713,586 shares of the company’s stock valued at $140,203,000 after buying an additional 75,814 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Americold Realty Trust by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,849,709 shares of the company’s stock valued at $75,227,000 after buying an additional 251,217 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Americold Realty Trust by 23.4% in the fourth quarter. Geode Capital Management LLC now owns 5,393,193 shares of the company’s stock valued at $69,371,000 after buying an additional 1,022,408 shares during the period. Institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada upped their price target on Americold Realty Trust from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 26th. Barclays lifted their price objective on Americold Realty Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Friday, May 15th. Robert W. Baird set a $15.00 target price on Americold Realty Trust in a research note on Friday, May 8th. Citigroup raised their price target on Americold Realty Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Weiss Ratings upgraded Americold Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.25.

Americold Realty Trust Stock Down 0.0%

Shares of NYSE:COLD opened at $14.31 on Monday. The firm has a market capitalization of $4.08 billion, a PE ratio of -36.70 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.11 and a current ratio of 0.11. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $16.88. The firm has a fifty day moving average of $15.08 and a 200 day moving average of $13.47.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.33. The business had revenue of $629.87 million for the quarter, compared to the consensus estimate of $613.77 million. Americold Realty Trust had a negative return on equity of 3.73% and a negative net margin of 4.29%.The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, research analysts anticipate that Americold Realty Trust Inc. will post 1.15 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 annualized dividend and a yield of 6.4%. Americold Realty Trust’s dividend payout ratio is currently -235.90%.

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.