Americold Realty Trust Inc. $COLD Stake Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in Americold Realty Trust Inc. (NYSE:COLD) by 19.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 673,314 shares of the company’s stock after selling 162,214 shares during the period. Hsbc Holdings PLC’s holdings in Americold Realty Trust were worth $10,605,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in COLD. Ameriflex Group Inc. acquired a new position in Americold Realty Trust during the 4th quarter worth $26,000. Geneos Wealth Management Inc. raised 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 valued at $27,000 after purchasing an additional 806 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Americold Realty Trust by 63.3% in the 3rd 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Americold Realty Trust by 106.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company’s stock worth $36,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC lifted its position in shares of Americold Realty Trust by 726.2% during the first quarter. Basecamp Wealth Advisors LLC now owns 4,296 shares of the company’s stock worth $49,000 after purchasing an additional 3,776 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Price Performance

COLD opened at $13.69 on Thursday. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -8.61 and a beta of 0.98. Americold Realty Trust Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $16.88. The company’s 50-day moving average price is $14.98 and its 200 day moving average price is $13.88. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.25.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The firm had revenue of $662.89 million for the quarter, compared to analysts’ expectations of $613.54 million. During the same quarter last year, the company posted $0.36 earnings per share. Americold Realty Trust’s revenue was up 1.9% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, sell-side analysts expect that Americold Realty Trust Inc. will post 1.15 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.92 annualized dividend and a yield of 6.7%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -57.86%.

Analyst Ratings Changes

Several brokerages recently weighed in on COLD. Wells Fargo & Company boosted their price objective on Americold Realty Trust from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Wall Street Zen raised Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Citigroup lifted their target price on Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings downgraded Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Finally, Bank of America raised Americold Realty Trust from an “underperform” rating to a “neutral” rating and upped their price target for the company from $15.00 to $16.00 in a research report on Tuesday, August 18th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.63.

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.