Americold Realty Trust Inc. $COLD Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 78.4% in the 3rd quarter, Holdings Channel reports. The fund owned 395,854 shares of the company’s stock after acquiring an additional 173,975 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Americold Realty Trust were worth $4,845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of COLD. Norges Bank acquired a new position in shares of Americold Realty Trust in the 2nd quarter valued at approximately $206,317,000. DAVENPORT & Co LLC bought a new stake in shares of Americold Realty Trust in the third quarter worth $38,980,000. Lasalle Investment Management Securities LLC raised its holdings in Americold Realty Trust by 78.2% in the second quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company’s stock valued at $103,322,000 after acquiring an additional 2,726,809 shares in the last quarter. American Century Companies Inc. grew its holdings in Americold Realty Trust by 31.7% during the 2nd quarter. American Century Companies Inc. now owns 5,158,328 shares of the company’s stock worth $85,783,000 after acquiring an additional 1,241,241 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Americold Realty Trust by 46.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,461 shares of the company’s stock worth $62,470,000 after purchasing an additional 1,182,707 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, December 24th. UBS Group upped their price objective on Americold Realty Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Evercore ISI reduced their target price on Americold Realty Trust from $14.00 to $13.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Americold Realty Trust in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their price target on Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, November 14th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.92.

Americold Realty Trust Stock Up 2.2%

Americold Realty Trust stock opened at $13.26 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.11 and a current ratio of 0.11. Americold Realty Trust Inc. has a one year low of $10.10 and a one year high of $23.52. The company has a 50-day simple moving average of $12.18 and a 200-day simple moving average of $13.38. The firm has a market capitalization of $3.78 billion, a P/E ratio of -60.25, a P/E/G ratio of 4.70 and a beta of 0.91.

Americold Realty Trust (NYSE:COLD) last issued 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. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. The firm had revenue of $663.67 million for the quarter, compared to the consensus estimate of $659.51 million. During the same period last year, the firm posted $0.35 EPS. Americold Realty Trust’s quarterly revenue was down 1.6% compared to the same quarter last year. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, equities analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Wednesday, December 31st. Americold Realty Trust’s payout ratio is -418.18%.

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.