Americold Realty Trust Inc. $COLD Shares Purchased by Legal & General Group Plc

Legal & General Group Plc raised its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,770,892 shares of the company’s stock after buying an additional 269,522 shares during the quarter. Legal & General Group Plc owned about 0.62% of Americold Realty Trust worth $22,774,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of COLD. William Blair Investment Management LLC boosted its stake in shares of Americold Realty Trust by 0.4% during the fourth quarter. William Blair Investment Management LLC now owns 2,872,561 shares of the company’s stock valued at $36,941,000 after acquiring an additional 12,357 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in Americold Realty Trust in the 4th quarter valued at about $143,000. EverSource Wealth Advisors LLC lifted its holdings in Americold Realty Trust by 106.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company’s stock valued at $36,000 after purchasing an additional 1,432 shares in the last quarter. Covestor Ltd boosted its stake in shares of Americold Realty Trust by 70.7% during the 4th quarter. Covestor Ltd now owns 8,756 shares of the company’s stock worth $113,000 after purchasing an additional 3,628 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Americold Realty Trust by 164.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 18,190 shares of the company’s stock worth $234,000 after buying an additional 11,322 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays upped their price objective on shares of Americold Realty Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Friday, May 15th. Piper Sandler initiated coverage on Americold Realty Trust in a report on Wednesday, April 1st. They issued a “neutral” rating and a $13.00 price target for the company. Evercore set a $17.00 price target on Americold Realty Trust in a research note on Friday, May 8th. Robert W. Baird set a $15.00 price objective on Americold Realty Trust in a report on Friday, May 8th. Finally, Scotiabank lifted their price objective on Americold Realty Trust from $14.00 to $15.50 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $14.87.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $15.69 on Monday. The company’s fifty day simple moving average is $12.89 and its 200-day simple moving average is $12.50. Americold Realty Trust Inc. has a 52 week low of $10.10 and a 52 week high of $18.08. 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 company has a market cap of $4.48 billion, a PE ratio of -40.22 and a beta of 0.97.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.33. The firm had revenue of $629.87 million during the quarter, compared to analysts’ expectations of $613.77 million. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, equities research analysts anticipate that Americold Realty Trust Inc. will post 1.18 EPS for the current year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Americold Realty Trust’s payout ratio is presently -235.90%.

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.