Cbre Investment Management Listed Real Assets LLC Has $26.38 Million Position in Americold Realty Trust Inc. $COLD

Cbre Investment Management Listed Real Assets LLC lessened its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 43.1% in the second quarter, HoldingsChannel.com reports. The firm owned 1,585,979 shares of the company’s stock after selling 1,200,344 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Americold Realty Trust were worth $26,375,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in COLD. Caitong International Asset Management Co. Ltd grew its holdings in shares of Americold Realty Trust by 49,833.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock valued at $25,000 after buying an additional 1,495 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in Americold Realty Trust in the 1st quarter valued at about $36,000. Whipplewood Advisors LLC boosted its stake 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 purchasing an additional 2,500 shares during the last quarter. Assetmark Inc. increased its holdings in Americold Realty Trust by 64.2% during the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after purchasing an additional 826 shares in the last quarter. Finally, Avalon Trust Co purchased a new stake in shares of Americold Realty Trust in the first quarter worth approximately $49,000. 98.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on COLD shares. Truist Financial decreased their price target on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Robert W. Baird reduced their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, August 13th. Evercore ISI dropped their price target on shares of Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. JPMorgan Chase & Co. restated an “underweight” rating and set a $15.00 price target (down from $17.00) on shares of Americold Realty Trust in a report on Tuesday, September 23rd. Finally, Barclays decreased their price objective on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Americold Realty Trust has a consensus rating of “Hold” and a consensus price target of $17.77.

Americold Realty Trust Stock Performance

NYSE COLD opened at $11.82 on Friday. The company has a market capitalization of $3.36 billion, a PE ratio of -62.18, a price-to-earnings-growth ratio of 4.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. Americold Realty Trust Inc. has a 52-week low of $11.49 and a 52-week high of $24.74. The company has a 50-day simple moving average of $13.24 and a 200 day simple moving average of $15.59.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $663.67 million during the quarter, compared to the consensus estimate of $659.51 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. On average, research analysts predict that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio is currently -484.21%.

Americold Realty Trust Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.