Bank of New York Mellon Corp Acquires 40,119 Shares of Americold Realty Trust Inc. $COLD

Bank of New York Mellon Corp raised its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,877,615 shares of the company’s stock after buying an additional 40,119 shares during the period. Bank of New York Mellon Corp’s holdings in Americold Realty Trust were worth $32,977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in shares of 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 buying an additional 806 shares during the period. Ameriflex Group Inc. bought a new position in Americold Realty Trust during the 4th quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its position in Americold Realty Trust by 252.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after acquiring an additional 1,593 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position 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 during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in 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 during the period. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Price Performance

COLD opened at $14.31 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.11 and a current ratio of 0.11. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $16.88. The stock has a market capitalization of $4.08 billion, a PE ratio of -36.70 and a beta of 0.96. The stock’s 50 day moving average price is $15.08 and its 200-day moving average price is $13.47.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.33. Americold Realty Trust had a negative return on equity of 3.73% and a negative net margin of 4.29%.The company had revenue of $629.87 million during the quarter, compared to the consensus estimate of $613.77 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up .2% 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.23 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 annualized dividend and a yield of 6.4%. Americold Realty Trust’s dividend payout ratio is -235.90%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COLD. Evercore upgraded Americold Realty Trust from an “in-line” rating to an “outperform” rating and set a $18.00 price objective for the company in a research report on Friday, June 26th. UBS Group raised their target price on shares of Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Barclays lifted their target price on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Weiss Ratings upgraded shares of Americold Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. Finally, Royal Bank Of Canada increased their price target on shares of Americold Realty Trust from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.25.

About Americold Realty Trust

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.