SummitTX Capital L.P. Invests $1.06 Million in Americold Realty Trust Inc. $COLD

SummitTX Capital L.P. bought a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 92,950 shares of the company’s stock, valued at approximately $1,065,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Americold Realty Trust by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 38,597,711 shares of the company’s stock worth $496,367,000 after acquiring an additional 388,809 shares in the last quarter. Norges Bank purchased a new stake in Americold Realty Trust during the fourth quarter valued at approximately $152,684,000. State Street Corp raised its position in Americold Realty Trust by 0.7% during the fourth quarter. State Street Corp now owns 10,713,586 shares of the company’s stock valued at $140,203,000 after purchasing an additional 75,814 shares during the period. Lasalle Investment Management Securities LLC lifted its stake in shares of Americold Realty Trust by 2.3% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 6,962,583 shares of the company’s stock valued at $79,791,000 after purchasing an additional 157,627 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Americold Realty Trust by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,849,709 shares of the company’s stock valued at $75,227,000 after purchasing an additional 251,217 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock opened at $14.43 on Friday. The firm has a market cap of $4.12 billion, a P/E ratio of -36.99 and a beta of 0.96. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.27. Americold Realty Trust Inc. has a 12 month low of $10.10 and a 12 month high of $16.88. The stock’s fifty day moving average price is $15.10 and its 200-day moving average price is $13.51.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data 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. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The company had revenue of $629.87 million during the quarter, compared to analyst estimates of $613.77 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities research analysts expect that Americold Realty Trust Inc. will post 1.15 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Americold Realty Trust’s dividend payout ratio is presently -235.90%.

Analysts Set New Price Targets

COLD has been the topic of several analyst reports. Barclays boosted their target price on Americold Realty Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Scotiabank set a $15.00 price target on Americold Realty Trust in a research report on Friday, July 24th. Royal Bank Of Canada lifted their price objective on shares of Americold Realty Trust from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 26th. Wells Fargo & Company boosted their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Finally, Robert W. Baird set a $15.00 target price on shares of Americold Realty Trust in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.25.

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.