D.A. Davidson & CO. Invests $1.92 Million in Americold Realty Trust Inc. $COLD

D.A. Davidson & CO. purchased a new position in Americold Realty Trust Inc. (NYSE:COLD) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 149,540 shares of the company’s stock, valued at approximately $1,923,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of COLD. Baupost Group LLC MA purchased a new stake in shares of Americold Realty Trust in the third quarter worth approximately $44,064,000. American Century Companies Inc. raised its holdings in shares of Americold Realty Trust by 53.4% in the third quarter. American Century Companies Inc. now owns 7,913,079 shares of the company’s stock worth $96,856,000 after buying an additional 2,754,751 shares during the period. Private Management Group Inc. raised its holdings in shares of Americold Realty Trust by 80.5% in the third quarter. Private Management Group Inc. now owns 4,004,568 shares of the company’s stock worth $49,016,000 after buying an additional 1,786,218 shares during the period. Bank of America Corp DE grew its stake in Americold Realty Trust by 61.0% in the third quarter. Bank of America Corp DE now owns 4,461,903 shares of the company’s stock worth $54,614,000 after purchasing an additional 1,689,914 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its stake in Americold Realty Trust by 39.9% in the fourth quarter. DAVENPORT & Co LLC now owns 4,456,206 shares of the company’s stock worth $57,307,000 after purchasing an additional 1,271,562 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Up 0.7%

Americold Realty Trust stock opened at $12.32 on Friday. The business has a fifty day moving average of $12.12 and a two-hundred day moving average of $12.31. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.51 billion, a P/E ratio of -30.79, a P/E/G ratio of 4.27 and a beta of 0.89. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $19.68.

Americold Realty Trust (NYSE:COLD) last posted its 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). The company had revenue of $658.45 million for the quarter, compared to analysts’ expectations of $654.55 million. Americold Realty Trust had a negative return on equity of 3.71% and a negative net margin of 4.40%.The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, analysts forecast that Americold Realty Trust Inc. will post 1.18 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 7.5%. Americold Realty Trust’s dividend payout ratio is currently -230.00%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Scotiabank raised Americold Realty Trust to a “hold” rating in a research note on Wednesday, March 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a research note on Friday, March 27th. Barclays cut Americold Realty Trust from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $15.00 to $12.00 in a research note on Monday. Citigroup increased their price objective on Americold Realty Trust from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Finally, Evercore set a $14.00 price objective on Americold Realty Trust in a research note on Friday, February 20th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Reduce” and an average price target of $14.10.

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.