Americold Realty Trust Inc. $COLD is Private Management Group Inc.’s 4th Largest Position

Private Management Group Inc. boosted its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 17.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,711,723 shares of the company’s stock after buying an additional 707,155 shares during the quarter. Americold Realty Trust accounts for about 1.8% of Private Management Group Inc.’s portfolio, making the stock its 4th largest holding. Private Management Group Inc.’s holdings in Americold Realty Trust were worth $60,593,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in COLD. Geneos Wealth Management Inc. increased its stake in shares of 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 period. Farther Finance Advisors LLC increased its stake in shares of Americold Realty Trust by 51.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after buying an additional 942 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Americold Realty Trust by 63.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after buying an additional 948 shares during the period. Norinchukin Bank The increased its stake in shares of Americold Realty Trust by 8.0% during the third quarter. Norinchukin Bank The now owns 13,465 shares of the company’s stock worth $165,000 after buying an additional 1,001 shares during the period. Finally, Truist Financial Corp increased its stake in shares of Americold Realty Trust by 9.9% during the third quarter. Truist Financial Corp now owns 12,542 shares of the company’s stock worth $154,000 after buying an additional 1,127 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler assumed coverage on shares of Americold Realty Trust in a research note on Wednesday, April 1st. They set a “neutral” rating and a $13.00 target price on the stock. Citigroup upped their target price on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Royal Bank Of Canada upped their target price on shares of Americold Realty Trust from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 26th. Evercore set a $17.00 price target on Americold Realty Trust in a report on Friday, May 8th. Finally, Robert W. Baird set a $15.00 price target on Americold Realty Trust in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $14.71.

Americold Realty Trust Stock Performance

Shares of COLD opened at $14.65 on Friday. The stock has a 50 day moving average price of $13.52 and a 200 day moving average price of $12.75. 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 company has a market capitalization of $4.18 billion, a price-to-earnings ratio of -37.57 and a beta of 0.97. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $17.75.

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

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Americold Realty Trust’s dividend payout ratio is presently -235.90%.

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.