Swiss National Bank Lowers Holdings in Americold Realty Trust Inc. $COLD

Swiss National Bank reduced its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 1.2% in the 2nd quarter, Holdings Channel reports. The fund owned 516,800 shares of the company’s stock after selling 6,300 shares during the period. Swiss National Bank’s holdings in Americold Realty Trust were worth $8,594,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in Americold Realty Trust by 2.9% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 372,100 shares of the company’s stock worth $6,188,000 after purchasing an additional 10,400 shares in the last quarter. Creative Planning lifted its stake in shares of Americold Realty Trust by 25.8% in the 2nd quarter. Creative Planning now owns 58,573 shares of the company’s stock valued at $974,000 after purchasing an additional 12,004 shares during the period. SG Americas Securities LLC boosted its holdings in Americold Realty Trust by 32.6% during the second quarter. SG Americas Securities LLC now owns 86,638 shares of the company’s stock worth $1,441,000 after buying an additional 21,315 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in Americold Realty Trust by 5.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 107,984 shares of the company’s stock worth $1,796,000 after buying an additional 5,345 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Americold Realty Trust by 110.0% during the second quarter. PNC Financial Services Group Inc. now owns 7,328 shares of the company’s stock valued at $122,000 after buying an additional 3,838 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Stock Up 0.4%

COLD opened at $10.83 on Friday. The company has a market cap of $3.08 billion, a PE ratio of -57.00, a price-to-earnings-growth ratio of 4.00 and a beta of 0.84. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $24.11. The company has a 50-day moving average price of $12.33 and a 200 day moving average price of $14.65. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 6th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $663.67 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. Sell-side analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.23 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 8.5%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -418.18%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on COLD shares. Barclays decreased their price objective on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Royal Bank Of Canada lowered Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Zacks Research raised Americold Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Scotiabank dropped their price objective on Americold Realty Trust from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 12th. Finally, KeyCorp cut their price objective on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.31.

About Americold Realty Trust

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.