Duff & Phelps Investment Management Co. Sells 224,300 Shares of Americold Realty Trust Inc. $COLD

Duff & Phelps Investment Management Co. trimmed its position in Americold Realty Trust Inc. (NYSE:COLD) by 11.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,724,098 shares of the company’s stock after selling 224,300 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.61% of Americold Realty Trust worth $21,103,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of COLD. Geneos Wealth Management Inc. increased its holdings in Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after acquiring an additional 806 shares during the period. LRI Investments LLC boosted its holdings in Americold Realty Trust by 90.4% in the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Americold Realty Trust by 252.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after purchasing an additional 1,593 shares in the last quarter. Avalon Trust Co purchased a new position in shares of Americold Realty Trust during the 3rd quarter valued at $32,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Americold Realty Trust in the third quarter worth $61,000. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COLD has been the topic of a number of recent analyst reports. UBS Group increased their price objective on Americold Realty Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Truist Financial decreased their target price on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, December 24th. Evercore set a $14.00 price target on Americold Realty Trust in a report on Friday, February 20th. Robert W. Baird reiterated a “neutral” rating and set a $13.00 price target (down from $16.00) on shares of Americold Realty Trust in a research report on Thursday, December 18th. Finally, Barclays cut their price objective on Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $14.38.

Americold Realty Trust Stock Down 2.1%

Shares of NYSE:COLD opened at $11.85 on Thursday. The firm has a market capitalization of $3.37 billion, a PE ratio of -29.61, a price-to-earnings-growth ratio of 4.29 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $22.35. The firm has a fifty day moving average of $12.88 and a 200 day moving average of $12.71.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.68). Americold Realty Trust had a negative net margin of 4.40% and a negative return on equity of 3.71%. The firm had revenue of $658.45 million for the quarter, compared to analysts’ expectations of $654.55 million. During the same quarter in the previous year, the business earned $0.37 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, research analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Americold Realty Trust’s dividend payout ratio (DPR) is currently -230.00%.

Americold Realty Trust Company 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.