Cohen & Steers Inc. reduced its position in Americold Realty Trust Inc. (NYSE:COLD – Free Report) by 13.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,011,134 shares of the company’s stock after selling 1,507,872 shares during the period. Cohen & Steers Inc.’s holdings in Americold Realty Trust were worth $128,773,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Barington Companies Management LLC purchased a new position in Americold Realty Trust in the 4th quarter worth approximately $3,858,000. Quadrant Capital Group LLC raised its holdings in Americold Realty Trust by 678.9% in the 4th quarter. Quadrant Capital Group LLC now owns 59,871 shares of the company’s stock worth $770,000 after acquiring an additional 52,184 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in Americold Realty Trust by 716.6% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 227,748 shares of the company’s stock worth $2,927,000 after acquiring an additional 199,857 shares during the last quarter. HRT Financial LP raised its holdings in Americold Realty Trust by 224.6% in the 4th quarter. HRT Financial LP now owns 883,039 shares of the company’s stock worth $11,355,000 after acquiring an additional 610,973 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in Americold Realty Trust during the 4th quarter valued at $922,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
COLD has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of Americold Realty Trust from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Royal Bank Of Canada boosted their target price on shares of Americold Realty Trust from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 26th. Scotiabank boosted their target price on shares of Americold Realty Trust from $14.00 to $15.50 and gave the company a “sector perform” rating in a research note on Thursday, May 14th. Robert W. Baird set a $15.00 target price on shares of Americold Realty Trust in a research note on Friday, May 8th. Finally, Citigroup boosted their target price on shares of Americold Realty Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $14.71.
Americold Realty Trust Trading Down 1.4%
NYSE:COLD opened at $14.47 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of -37.09 and a beta of 0.97. Americold Realty Trust Inc. has a one year low of $10.10 and a one year high of $17.52. The business has a fifty day moving average price of $13.59 and a 200-day moving average price of $12.77.
Americold Realty Trust (NYSE:COLD – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.33. The firm had revenue of $629.87 million during the quarter, compared to analyst estimates of $613.77 million. Americold Realty Trust had a negative return on equity of 3.73% and a negative net margin of 4.29%.Americold Realty Trust’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Sell-side analysts forecast that Americold Realty Trust Inc. will post 1.18 EPS for the current year.
Americold Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Tuesday, June 30th. Americold Realty Trust’s dividend payout ratio is -235.90%.
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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