Cbre Investment Management Listed Real Assets LLC Sells 1,200,344 Shares of Americold Realty Trust Inc. $COLD

Cbre Investment Management Listed Real Assets LLC lowered its position in Americold Realty Trust Inc. (NYSE:COLD) by 43.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,585,979 shares of the company’s stock after selling 1,200,344 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.56% of Americold Realty Trust worth $26,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in COLD. Caitong International Asset Management Co. Ltd grew its holdings in Americold Realty Trust by 49,833.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock worth $25,000 after acquiring an additional 1,495 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Americold Realty Trust during the first quarter worth $36,000. Whipplewood Advisors LLC grew its stake in shares of Americold Realty Trust by 10,869.6% in the second quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock worth $42,000 after purchasing an additional 2,500 shares during the last quarter. Assetmark Inc. increased its holdings in Americold Realty Trust by 64.2% in the first quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the period. Finally, Avalon Trust Co bought a new position in Americold Realty Trust during the 1st quarter worth $49,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $11.82 on Friday. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -62.18, a PEG ratio of 4.00 and a beta of 0.84. Americold Realty Trust Inc. has a 52-week low of $11.49 and a 52-week high of $24.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. The stock’s 50 day moving average price is $13.24 and its two-hundred day moving average price is $15.59.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $663.67 million for the quarter, compared to the consensus estimate of $659.51 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. Americold Realty Trust’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. On average, equities analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.23 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 7.8%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -484.21%.

Analyst Upgrades and Downgrades

A number of research firms have commented on COLD. Scotiabank reduced their price target on Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Friday, September 5th. Wells Fargo & Company cut their price objective on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $15.00 target price (down previously from $17.00) on shares of Americold Realty Trust in a research report on Tuesday, September 23rd. KeyCorp lowered their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Finally, Zacks Research lowered shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.77.

Americold Realty Trust Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.