The Manufacturers Life Insurance Company purchased a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,741 shares of the company’s stock, valued at approximately $1,175,000.
A number of other hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in shares of Americold Realty Trust by 42.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company’s stock worth $45,025,000 after purchasing an additional 626,160 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Americold Realty Trust in the 1st quarter valued at approximately $240,000. Jane Street Group LLC grew its stake in shares of Americold Realty Trust by 8.7% in the first quarter. Jane Street Group LLC now owns 71,335 shares of the company’s stock valued at $1,531,000 after buying an additional 5,693 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Americold Realty Trust in the second quarter valued at $86,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Americold Realty Trust by 252.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after buying an additional 1,593 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. UBS Group upped their price target on shares of Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Robert W. Baird set a $15.00 price objective on shares of Americold Realty Trust in a research report on Friday, May 8th. Weiss Ratings lowered shares of Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Scotiabank upped their target price on shares of Americold Realty Trust from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. Finally, Piper Sandler raised their target price on shares of Americold Realty Trust from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.63.
Americold Realty Trust Stock Up 0.9%
COLD opened at $14.23 on Friday. The stock’s fifty day simple moving average is $15.09 and its 200 day simple moving average is $13.84. Americold Realty Trust Inc. has a 1-year low of $10.10 and a 1-year high of $16.88. The stock has a market cap of $4.06 billion, a PE ratio of -8.95 and a beta of 0.98. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25.
Americold Realty Trust (NYSE:COLD – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.35 EPS for the quarter. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The firm had revenue of $662.89 million during the quarter, compared to analysts’ expectations of $613.54 million. During the same period in the previous year, the business posted $0.36 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, research analysts expect that Americold Realty Trust Inc. will post 1.15 earnings per share for the current year.
Americold Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.5%. Americold Realty Trust’s payout ratio is presently -57.86%.
Americold Realty Trust Company 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.
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