HighTower Advisors LLC Makes New Investment in Americold Realty Trust Inc. $COLD

HighTower Advisors LLC purchased a new position in shares of Americold Realty Trust Inc. (NYSE:COLD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,587,640 shares of the company’s stock, valued at approximately $20,417,000. HighTower Advisors LLC owned 0.56% of Americold Realty Trust as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LRI Investments LLC grew its position in shares of Americold Realty Trust by 90.4% during the 3rd 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 during the period. Geneos Wealth Management Inc. grew its position in shares of Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after acquiring an additional 806 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of 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 valued at $30,000 after acquiring an additional 948 shares during the period. Avalon Trust Co acquired a new stake in shares of Americold Realty Trust during the 3rd quarter valued at about $32,000. Finally, Farther Finance Advisors LLC grew its position in shares of Americold Realty Trust by 51.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock valued at $36,000 after acquiring an additional 942 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on COLD shares. Barclays raised their target price on Americold Realty Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Scotiabank lifted their price objective on Americold Realty Trust from $14.00 to $15.50 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Americold Realty Trust in a report on Friday, March 27th. Compass Point initiated coverage on Americold Realty Trust in a report on Wednesday, March 18th. They issued a “buy” rating and a $14.50 price objective on the stock. Finally, Wall Street Zen upgraded Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $14.67.

Americold Realty Trust Trading Up 2.6%

COLD stock opened at $14.82 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.27. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $18.08. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of -38.00 and a beta of 0.89. The business’s 50-day moving average is $12.52 and its 200 day moving average is $12.39.

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 business had revenue of $629.87 million for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, sell-side analysts anticipate that Americold Realty Trust Inc. will post 1.18 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, June 30th. Americold Realty Trust’s payout ratio is currently -235.90%.

Americold Realty Trust 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.