Norges Bank Invests $152.68 Million in Americold Realty Trust Inc. $COLD

Norges Bank bought a new position in Americold Realty Trust Inc. (NYSE:COLD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,872,796 shares of the company’s stock, valued at approximately $152,684,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Americold Realty Trust by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 38,597,711 shares of the company’s stock worth $496,367,000 after buying an additional 388,809 shares in the last quarter. State Street Corp lifted its stake in shares of Americold Realty Trust by 4.8% in the second quarter. State Street Corp now owns 10,705,522 shares of the company’s stock worth $180,437,000 after buying an additional 493,256 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Americold Realty Trust by 53.4% in the third quarter. American Century Companies Inc. now owns 7,913,079 shares of the company’s stock worth $96,856,000 after buying an additional 2,754,751 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its stake in shares of Americold Realty Trust by 11.9% in the third quarter. Lasalle Investment Management Securities LLC now owns 6,955,290 shares of the company’s stock worth $85,133,000 after buying an additional 742,319 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Americold Realty Trust by 23.4% in the fourth quarter. Geode Capital Management LLC now owns 5,393,193 shares of the company’s stock worth $69,371,000 after buying an additional 1,022,408 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

COLD has been the subject of several research reports. Robert W. Baird set a $15.00 price objective on shares of Americold Realty Trust in a report on Friday, May 8th. Wells Fargo & Company boosted their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday. Barclays boosted their price objective on shares of Americold Realty Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Friday, May 15th. Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Compass Point initiated coverage on shares of Americold Realty Trust in a report on Wednesday, March 18th. They set a “buy” rating and a $14.50 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $14.93.

Americold Realty Trust Stock Down 2.3%

COLD opened at $14.63 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $13.11 and a 200-day moving average price of $12.58. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $18.08. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of -37.51 and a beta of 0.97.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.33. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The business had revenue of $629.87 million during the quarter, compared to analysts’ expectations of $613.77 million. During the same period in the prior year, the company earned $0.34 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities research analysts forecast that Americold Realty Trust Inc. will post 1.18 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Americold Realty Trust’s dividend payout ratio is currently -235.90%.

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.