Private Management Group Inc. Has $73.57 Million Stock Position in Americold Realty Trust Inc. $COLD

Private Management Group Inc. trimmed its stake in Americold Realty Trust Inc. (NYSE:COLD) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,679,920 shares of the company’s stock after selling 99,591 shares during the period. Americold Realty Trust comprises 1.9% of Private Management Group Inc.’s holdings, making the stock its 2nd biggest holding. Private Management Group Inc. owned about 1.64% of Americold Realty Trust worth $73,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of COLD. Vanguard Group Inc. raised its stake in shares of Americold Realty Trust by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 38,597,711 shares of the company’s stock valued at $496,367,000 after acquiring an additional 388,809 shares in the last quarter. BlackRock Inc. bought a new position in Americold Realty Trust in the second quarter worth approximately $350,837,000. Norges Bank purchased a new position in Americold Realty Trust during the 4th quarter worth $152,684,000. State Street Corp increased its holdings in Americold Realty Trust by 0.7% during the 4th quarter. State Street Corp now owns 10,713,586 shares of the company’s stock worth $140,203,000 after purchasing an additional 75,814 shares during the period. Finally, Ancora Advisors LLC bought a new stake in Americold Realty Trust during the 2nd quarter valued at $163,962,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup upped their target price on Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Royal Bank Of Canada restated a “sector perform” rating and set a $16.00 price target on shares of Americold Realty Trust in a research note on Monday, August 17th. Scotiabank lifted their price objective on Americold Realty Trust from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. UBS Group upped their price objective on shares of Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Four research 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.63.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD opened at $15.09 on Friday. The firm has a 50 day moving average of $15.11 and a 200 day moving average of $13.77. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of -9.49 and a beta of 0.97. Americold Realty Trust Inc. has a 52 week low of $10.10 and a 52 week high of $16.88.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%.The business had revenue of $662.89 million for the quarter, compared to analysts’ expectations of $613.54 million. During the same quarter last year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, sell-side analysts predict that Americold Realty Trust Inc. will post 1.15 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.1%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -57.86%.

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.