Legal & General Group Plc Takes $22.99 Million Position in Americold Realty Trust Inc. $COLD

Legal & General Group Plc acquired a new position in Americold Realty Trust Inc. (NYSE:COLD) during the second quarter, Holdings Channel.com reports. The firm acquired 1,462,628 shares of the company’s stock, valued at approximately $22,993,000.

Other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in Americold Realty Trust during the fourth quarter valued at $26,000. Geneos Wealth Management Inc. grew its position 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 purchasing an additional 806 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Americold Realty Trust by 63.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after purchasing an additional 948 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Americold Realty Trust by 51.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock valued at $36,000 after buying an additional 942 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Americold Realty Trust by 106.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company’s stock valued at $36,000 after buying an additional 1,432 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 0.4%

Shares of NYSE:COLD opened at $15.09 on Friday. Americold Realty Trust Inc. has a 1 year low of $10.10 and a 1 year high of $16.88. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of -9.49 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.10 and a quick ratio of 0.10. The business’s 50 day moving average price is $15.11 and its 200-day moving average price is $13.77.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter. The company had revenue of $662.89 million during the quarter, compared to analyst estimates of $613.54 million. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities research analysts forecast that Americold Realty Trust Inc. will post 1.15 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, September 30th. Americold Realty Trust’s dividend payout ratio is -57.86%.

Analysts Set New Price Targets

COLD has been the topic of a number of recent research reports. Bank of America upgraded Americold Realty Trust from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $15.00 to $16.00 in a research note on Tuesday, August 18th. Evercore reiterated an “outperform” rating and set a $19.00 price target on shares of Americold Realty Trust in a research report on Friday, August 7th. Wall Street Zen raised Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. UBS Group raised their price objective on shares of Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Finally, KeyCorp restated an “overweight” rating on shares of Americold Realty Trust in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.63.

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.