Lasalle Investment Management Securities LLC Acquires 157,627 Shares of Americold Realty Trust Inc. $COLD

Lasalle Investment Management Securities LLC raised its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,962,583 shares of the company’s stock after acquiring an additional 157,627 shares during the quarter. Americold Realty Trust makes up 3.2% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 12th largest holding. Lasalle Investment Management Securities LLC’s holdings in Americold Realty Trust were worth $79,791,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of COLD. Geneos Wealth Management Inc. increased its stake in shares of Americold Realty Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after purchasing an additional 806 shares in the last quarter. Ameriflex Group Inc. purchased a new position in Americold Realty Trust during the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC lifted its position in Americold Realty Trust by 252.5% during the second 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. Caitong International Asset Management Co. Ltd grew its holdings in Americold Realty Trust by 63.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after purchasing an additional 948 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Americold Realty Trust by 51.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock valued at $36,000 after purchasing an additional 942 shares during the period. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Evercore upgraded Americold Realty Trust from an “in-line” rating to an “outperform” rating and set a $18.00 price target for the company in a research report on Friday, June 26th. Piper Sandler lifted their price objective on Americold Realty Trust from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday. Wall Street Zen upgraded Americold Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Robert W. Baird set a $15.00 target price on shares of Americold Realty Trust in a report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Americold Realty Trust in a research note on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Americold Realty Trust presently has an average rating of “Hold” and a consensus price target of $15.29.

Americold Realty Trust Stock Performance

COLD opened at $15.27 on Thursday. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of -39.14 and a beta of 0.96. The company has a fifty day moving average of $15.09 and a 200 day moving average of $13.45. Americold Realty Trust Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $17.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.11 and a current ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.33. The company had revenue of $629.87 million for the quarter, compared to the consensus estimate of $613.77 million. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. Americold Realty Trust’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, sell-side analysts forecast that Americold Realty Trust Inc. will post 1.16 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Tuesday, June 30th. Americold Realty Trust’s payout ratio is currently -235.90%.

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.