Reinhart Partners LLC. lessened its stake in shares of Americold Realty Trust Inc. (NYSE:COLD – Free Report) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,540,398 shares of the company’s stock after selling 122,829 shares during the quarter. Reinhart Partners LLC. owned about 1.24% of Americold Realty Trust worth $49,495,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of COLD. GAMMA Investing LLC lifted its position in shares of Americold Realty Trust by 48.4% in the third quarter. GAMMA Investing LLC now owns 5,688 shares of the company’s stock valued at $80,000 after acquiring an additional 1,854 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Americold Realty Trust by 15.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,801 shares of the company’s stock worth $343,000 after purchasing an additional 2,921 shares in the last quarter. Squarepoint Ops LLC increased its position in Americold Realty Trust by 132.9% during the 2nd quarter. Squarepoint Ops LLC now owns 162,204 shares of the company’s stock worth $2,550,000 after purchasing an additional 92,563 shares in the last quarter. Sterling Investment Advisors Ltd. raised its stake in Americold Realty Trust by 84.9% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 28,525 shares of the company’s stock valued at $448,000 after purchasing an additional 13,100 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Americold Realty Trust by 368.4% in the 2nd quarter. Allworth Financial LP now owns 7,311 shares of the company’s stock valued at $115,000 after purchasing an additional 5,750 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on COLD shares. Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. KeyCorp restated an “overweight” rating on shares of Americold Realty Trust in a research report on Monday, August 10th. Bank of America raised Americold Realty Trust from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $15.00 to $16.00 in a research note on Tuesday, August 18th. UBS Group raised their price objective on Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. raised Americold Realty Trust from an “underweight” rating to a “neutral” rating and set a $16.00 price objective for the company in a research report on Thursday, September 24th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Hold” and a consensus price target of $15.75.
Americold Realty Trust Price Performance
Americold Realty Trust stock opened at $13.97 on Friday. Americold Realty Trust Inc. has a 1 year low of $10.10 and a 1 year high of $16.88. The firm has a 50 day moving average price of $14.53 and a 200 day moving average price of $14.17. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -8.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10.
Americold Realty Trust (NYSE:COLD – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $662.89 million for the quarter, compared to the consensus estimate of $613.54 million. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. Americold Realty Trust’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Sell-side analysts predict that Americold Realty Trust Inc. will post 1.22 earnings per share for the current year.
Americold Realty Trust Dividend Announcement
The company 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 $0.23 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.6%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -57.86%.
Americold Realty Trust Company Profile
Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled storage and distribution facilities. The company provides refrigerated and frozen warehousing, inventory management, handling, transportation coordination and other supply-chain services for customers that require temperature-sensitive logistics.
Its customers include food producers, processors, retailers, restaurants, distributors and other businesses involved in the movement of perishable goods.
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