Metis Global Partners LLC Has $720,000 Stock Holdings in Americold Realty Trust Inc. $COLD

Metis Global Partners LLC boosted its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 30.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,323 shares of the company’s stock after acquiring an additional 10,195 shares during the quarter. Metis Global Partners LLC’s holdings in Americold Realty Trust were worth $720,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Carnegie Lake Advisors LLC bought a new stake in shares of Americold Realty Trust in the second quarter worth $906,000. Cetera Trust Company N.A grew its position in shares of Americold Realty Trust by 79.1% in the 2nd quarter. Cetera Trust Company N.A now owns 7,300 shares of the company’s stock valued at $121,000 after buying an additional 3,225 shares during the last quarter. Connable Office Inc. bought a new stake in shares of Americold Realty Trust in the 2nd quarter valued at about $190,000. Freestone Capital Holdings LLC acquired a new stake in shares of Americold Realty Trust in the second quarter valued at about $2,894,000. Finally, Bank of Montreal Can raised its position in shares of Americold Realty Trust by 23.5% during the second quarter. Bank of Montreal Can now owns 113,334 shares of the company’s stock worth $1,885,000 after acquiring an additional 21,600 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Down 2.5%

NYSE:COLD opened at $11.07 on Thursday. Americold Realty Trust Inc. has a 12 month low of $11.04 and a 12 month high of $24.22. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -58.24, a PEG ratio of 4.00 and a beta of 0.84. The firm has a fifty day simple moving average of $13.01 and a two-hundred day simple moving average of $15.32.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $663.67 million for the quarter, compared to analyst estimates of $659.51 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. Analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is -418.18%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays decreased their target price 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Americold Realty Trust in a research report on Wednesday, October 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $15.00 target price (down previously from $17.00) on shares of Americold Realty Trust in a report on Tuesday, September 23rd. Royal Bank Of Canada cut shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Scotiabank lowered their price objective on Americold Realty Trust from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.85.

Americold Realty Trust Company Profile

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.