Legal & General Group Plc Buys 24,132 Shares of Americold Realty Trust Inc. $COLD

Legal & General Group Plc lifted its stake in Americold Realty Trust Inc. (NYSE:COLD) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,666,487 shares of the company’s stock after purchasing an additional 24,132 shares during the quarter. Legal & General Group Plc owned 0.59% of Americold Realty Trust worth $27,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Americold Realty Trust by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock valued at $90,766,000 after purchasing an additional 73,856 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Americold Realty Trust by 28.0% during the first quarter. American Century Companies Inc. now owns 3,917,087 shares of the company’s stock valued at $84,061,000 after buying an additional 855,883 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Americold Realty Trust by 46.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,461 shares of the company’s stock valued at $62,470,000 after acquiring an additional 1,182,707 shares in the last quarter. Northern Trust Corp raised its holdings in Americold Realty Trust by 14.7% in the 1st quarter. Northern Trust Corp now owns 3,010,483 shares of the company’s stock worth $64,605,000 after acquiring an additional 385,811 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Americold Realty Trust by 1,567.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company’s stock worth $63,541,000 after acquiring an additional 2,783,264 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

NYSE COLD opened at $10.80 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.08 billion, a P/E ratio of -56.86, a PEG ratio of 4.00 and a beta of 0.84. The company has a 50-day moving average price of $12.37 and a 200-day moving average price of $14.71. Americold Realty Trust Inc. has a 52 week low of $10.10 and a 52 week high of $24.22.

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

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 8.5%. Americold Realty Trust’s payout ratio is -418.18%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Americold Realty Trust in a research note on Monday. Wall Street Zen downgraded Americold Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Robert W. Baird lowered their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. Evercore ISI reaffirmed an “in-line” rating and set a $13.00 price target (down previously from $19.00) on shares of Americold Realty Trust in a report on Friday, November 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.31.

Americold Realty Trust 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.