Legal & General Group Plc Increases Position in Americold Realty Trust Inc. $COLD

Legal & General Group Plc boosted its holdings in Americold Realty Trust Inc. (NYSE:COLD) by 18.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,770,892 shares of the company’s stock after purchasing an additional 269,522 shares during the period. Legal & General Group Plc’s holdings in Americold Realty Trust were worth $22,774,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. LRI Investments LLC raised its holdings in Americold Realty Trust by 90.4% in the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after acquiring an additional 1,026 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after acquiring an additional 806 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Americold Realty Trust by 63.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after acquiring an additional 948 shares in the last quarter. Avalon Trust Co bought a new stake in shares of Americold Realty Trust in the 3rd quarter worth about $32,000. Finally, Farther Finance Advisors LLC raised its stake 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 valued at $36,000 after purchasing an additional 942 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

COLD has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Americold Realty Trust in a research report on Friday, March 27th. Wells Fargo & Company increased their target price on Americold Realty Trust from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Barclays lifted their target price on Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Citigroup boosted their price target on Americold Realty Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Robert W. Baird set a $15.00 price target on Americold Realty Trust in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $14.87.

Americold Realty Trust Trading Down 0.0%

Shares of NYSE COLD opened at $15.69 on Monday. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $18.08. The company has a market cap of $4.48 billion, a price-to-earnings ratio of -40.22 and a beta of 0.97. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $12.89 and its 200 day simple moving average is $12.50.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.33. The firm had revenue of $629.87 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities research analysts expect that Americold Realty Trust Inc. will post 1.18 EPS for the current year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.23 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.92 annualized dividend and a yield of 5.9%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -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.