Strs Ohio Buys 103,303 Shares of Americold Realty Trust Inc. $COLD

Strs Ohio lifted its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 26.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 490,717 shares of the company’s stock after buying an additional 103,303 shares during the quarter. Strs Ohio’s holdings in Americold Realty Trust were worth $6,006,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Americold Realty Trust in the 2nd quarter valued at about $206,317,000. State Street Corp increased its stake in shares of Americold Realty Trust by 4.8% during the second quarter. State Street Corp now owns 10,705,522 shares of the company’s stock worth $180,437,000 after purchasing an additional 493,256 shares during the period. Lasalle Investment Management Securities LLC lifted its holdings in Americold Realty Trust by 78.2% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company’s stock worth $103,322,000 after purchasing an additional 2,726,809 shares during the last quarter. American Century Companies Inc. boosted its stake in Americold Realty Trust by 31.7% in the 2nd quarter. American Century Companies Inc. now owns 5,158,328 shares of the company’s stock valued at $85,783,000 after purchasing an additional 1,241,241 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Americold Realty Trust by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,127,284 shares of the company’s stock valued at $50,518,000 after purchasing an additional 18,646 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on COLD. JPMorgan Chase & Co. lowered their price objective on Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, November 14th. Royal Bank Of Canada lowered shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Wells Fargo & Company dropped their price objective on shares of Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. KeyCorp decreased their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Finally, Zacks Research upgraded shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.92.

Americold Realty Trust Trading Down 2.0%

Shares of Americold Realty Trust stock opened at $12.97 on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.16. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $23.52. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of -58.95, a PEG ratio of 4.70 and a beta of 0.91. The firm’s 50-day moving average price is $12.22 and its two-hundred day moving average price is $13.36.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, November 6th. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $663.67 million during the quarter, compared to analysts’ expectations of $659.51 million. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. On average, analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 7.1%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -418.18%.

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.