Legal & General Group Plc Invests $22.99 Million in Americold Realty Trust Inc. $COLD

Legal & General Group Plc acquired a new position in shares of Americold Realty Trust Inc. (NYSE:COLD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,462,628 shares of the company’s stock, valued at approximately $22,993,000. Legal & General Group Plc owned approximately 0.51% of Americold Realty Trust as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after purchasing an additional 806 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Americold Realty Trust during the 4th quarter valued at $26,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Americold Realty Trust by 252.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after purchasing an additional 1,593 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Americold Realty Trust by 63.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after purchasing an additional 948 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Americold Realty Trust by 51.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after purchasing an additional 942 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wall Street Zen raised Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Piper Sandler raised their price target on Americold Realty Trust from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. KeyCorp restated an “overweight” rating on shares of Americold Realty Trust in a research note on Monday, August 10th. Evercore restated an “outperform” rating and set a $19.00 price objective on shares of Americold Realty Trust in a report on Friday, August 7th. Finally, Bank of America raised shares of Americold Realty Trust from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $15.00 to $16.00 in a research report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.63.

Americold Realty Trust Price Performance

Shares of COLD opened at $15.09 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.10 and a quick ratio of 0.10. The company’s fifty day moving average price is $15.11 and its 200-day moving average price is $13.77. Americold Realty Trust Inc. has a 1-year low of $10.10 and a 1-year high of $16.88. The firm has a market capitalization of $4.31 billion, a PE ratio of -9.49 and a beta of 0.97.

Americold Realty Trust (NYSE:COLD) last issued 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 company had revenue of $662.89 million during the quarter, compared to analyst estimates of $613.54 million. During the same quarter last year, the business posted $0.36 EPS. The firm’s quarterly revenue 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, equities research analysts predict that Americold Realty Trust Inc. will post 1.15 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, September 30th. 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.