Earnest Partners LLC Sells 51,499 Shares of Americold Realty Trust Inc. $COLD

Earnest Partners LLC decreased its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,548,377 shares of the company’s stock after selling 51,499 shares during the period. Earnest Partners LLC owned 0.89% of Americold Realty Trust worth $31,192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brevan Howard Capital Management LP raised its stake in shares of Americold Realty Trust by 82.6% in the third quarter. Brevan Howard Capital Management LP now owns 26,365 shares of the company’s stock worth $323,000 after acquiring an additional 11,926 shares during the last quarter. Bridgefront Capital LLC grew its stake in shares of Americold Realty Trust by 265.7% during the third quarter. Bridgefront Capital LLC now owns 54,156 shares of the company’s stock valued at $663,000 after purchasing an additional 39,346 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Americold Realty Trust by 61.0% in the third quarter. Bank of America Corp DE now owns 4,461,903 shares of the company’s stock valued at $54,614,000 after purchasing an additional 1,689,914 shares in the last quarter. Aristotle Capital Boston LLC increased its holdings in shares of Americold Realty Trust by 14.4% in the third quarter. Aristotle Capital Boston LLC now owns 802,884 shares of the company’s stock valued at $9,827,000 after purchasing an additional 101,235 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Americold Realty Trust by 198.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,831,882 shares of the company’s stock worth $22,425,000 after purchasing an additional 1,217,062 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

COLD opened at $11.15 on Monday. The stock has a market cap of $3.17 billion, a P/E ratio of -27.86, a P/E/G ratio of 3.95 and a beta of 0.89. Americold Realty Trust Inc. has a 12 month low of $10.10 and a 12 month high of $22.35. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $12.81 and a 200 day simple moving average of $12.63.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, February 19th. The company reported ($0.31) earnings per share 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 business had revenue of $658.45 million for the quarter, compared to the consensus estimate of $654.55 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. 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 EPS for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Americold Realty Trust’s dividend payout ratio is presently -230.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial reduced their price objective on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, December 24th. Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a research note on Monday, December 29th. Evercore set a $14.00 target price on Americold Realty Trust in a research report on Friday, February 20th. Robert W. Baird reaffirmed a “neutral” rating and set a $13.00 price target (down from $16.00) on shares of Americold Realty Trust in a research note on Thursday, December 18th. Finally, Citigroup raised their price target on Americold Realty Trust from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.38.

About Americold Realty Trust

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.