Bank of Montreal Can Has $1.89 Million Stock Position in Americold Realty Trust Inc. $COLD

Bank of Montreal Can grew its stake in Americold Realty Trust Inc. (NYSE:COLD) by 23.5% during the second quarter, Holdings Channel reports. The firm owned 113,334 shares of the company’s stock after purchasing an additional 21,600 shares during the period. Bank of Montreal Can’s holdings in Americold Realty Trust were worth $1,885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COLD. Xponance Inc. boosted its stake in Americold Realty Trust by 4.5% in the first quarter. Xponance Inc. now owns 13,561 shares of the company’s stock valued at $291,000 after acquiring an additional 581 shares during the last quarter. AlphaQuest LLC raised its position in shares of Americold Realty Trust by 7.3% in the second quarter. AlphaQuest LLC now owns 9,334 shares of the company’s stock worth $155,000 after buying an additional 633 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Americold Realty Trust by 1.9% in the second quarter. Janney Montgomery Scott LLC now owns 33,568 shares of the company’s stock valued at $558,000 after purchasing an additional 634 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Americold Realty Trust by 16.9% during the 1st quarter. Signaturefd LLC now owns 4,431 shares of the company’s stock worth $95,000 after acquiring an additional 640 shares during the last quarter. Finally, GC Wealth Management RIA LLC boosted its holdings in shares of Americold Realty Trust by 5.9% in the 2nd quarter. GC Wealth Management RIA LLC now owns 12,095 shares of the company’s stock worth $201,000 after purchasing an additional 679 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on COLD shares. Evercore ISI reiterated an “in-line” rating and issued a $13.00 target price (down previously from $19.00) on shares of Americold Realty Trust in a research report on Friday, November 7th. Zacks Research cut shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. Royal Bank Of Canada downgraded Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Robert W. Baird lowered their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, August 13th. Finally, KeyCorp dropped their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.85.

Americold Realty Trust Stock Performance

COLD opened at $10.71 on Friday. Americold Realty Trust Inc. has a 1-year low of $10.61 and a 1-year high of $24.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market cap of $3.05 billion, a P/E ratio of -56.37, a PEG ratio of 4.00 and a beta of 0.84. The company has a 50 day simple moving average of $12.95 and a two-hundred day simple moving average of $15.28.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $663.67 million for the quarter, compared to the consensus estimate of $659.51 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. Equities analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date was Tuesday, September 30th. Americold Realty Trust’s payout ratio is currently -418.18%.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.