Robert Harris Sells 887 Shares of Americold Realty Trust (NYSE:COLD) Stock

Americold Realty Trust Inc. (NYSE:COLD) CAO Robert Harris sold 887 shares of the stock in a transaction that occurred on Sunday, March 8th. The stock was sold at an average price of $11.97, for a total value of $10,617.39. Following the completion of the sale, the chief accounting officer directly owned 6,045 shares of the company’s stock, valued at approximately $72,358.65. This trade represents a 12.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Americold Realty Trust Stock Down 1.5%

Shares of COLD stock traded down $0.19 during trading hours on Tuesday, reaching $12.07. The company had a trading volume of 3,577,900 shares, compared to its average volume of 5,211,225. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 4.35 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12. Americold Realty Trust Inc. has a 12 month low of $10.10 and a 12 month high of $22.35. The business has a fifty day simple moving average of $12.90 and a 200-day simple moving average of $12.71.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, February 19th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.68). Americold Realty Trust had a negative return on equity of 3.71% and a negative net margin of 4.40%.The company had revenue of $658.45 million for the quarter, compared to the consensus estimate of $654.55 million. During the same quarter last year, the company posted $0.37 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, research analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.23 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 7.6%. Americold Realty Trust’s dividend payout ratio is presently -230.00%.

Hedge Funds Weigh In On Americold Realty Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its holdings in Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after buying an additional 806 shares during the last quarter. Ameriflex Group Inc. bought a new stake in Americold Realty Trust in the fourth quarter worth about $26,000. LRI Investments LLC boosted its stake in Americold Realty Trust by 90.4% in the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after acquiring an additional 1,026 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Americold Realty Trust by 252.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after acquiring an additional 1,593 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Americold Realty Trust by 63.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after acquiring an additional 948 shares during the period. Institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on COLD shares. Wells Fargo & Company boosted their price target on shares of Americold Realty Trust from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Scotiabank increased their price objective on shares of Americold Realty Trust from $12.00 to $14.00 and gave the company a “sector perform” rating in a research note on Friday, January 9th. Robert W. Baird reissued a “neutral” rating and set a $13.00 target price (down from $16.00) on shares of Americold Realty Trust in a research report on Thursday, December 18th. Citigroup boosted their target price on Americold Realty Trust from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Finally, Zacks Research raised Americold Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Americold Realty Trust presently has an average rating of “Hold” and an average price target of $14.38.

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.