Renaissance Technologies LLC Increases Stake in Americold Realty Trust Inc. $COLD

Renaissance Technologies LLC increased its stake in Americold Realty Trust Inc. (NYSE:COLD) by 3.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,674,800 shares of the company’s stock after acquiring an additional 52,800 shares during the period. Renaissance Technologies LLC’s holdings in Americold Realty Trust were worth $19,193,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TBH Global Asset Management LLC purchased a new stake in Americold Realty Trust in the 4th quarter worth approximately $1,163,000. Cambiar Investors LLC grew its position in shares of Americold Realty Trust by 47.6% during the 4th quarter. Cambiar Investors LLC now owns 452,272 shares of the company’s stock valued at $5,816,000 after purchasing an additional 145,940 shares in the last quarter. Oak Thistle LLC increased its holdings in shares of Americold Realty Trust by 1,061.2% in the fourth quarter. Oak Thistle LLC now owns 134,109 shares of the company’s stock worth $1,725,000 after purchasing an additional 122,560 shares during the period. Bayhunt Capital LLC purchased a new stake in shares of Americold Realty Trust in the fourth quarter worth $8,419,000. Finally, Tudor Investment Corp ET AL bought a new stake in Americold Realty Trust during the third quarter valued at $2,568,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Scotiabank set a $15.00 price target on shares of Americold Realty Trust in a research note on Friday, July 24th. Wells Fargo & Company lifted their price target on Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Citigroup increased their price objective on Americold Realty Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Royal Bank Of Canada upped their target price on 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. 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.com, Americold Realty Trust currently has an average rating of “Hold” and an average price target of $15.25.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $14.43 on Friday. 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 Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $16.88. The firm has a market cap of $4.12 billion, a P/E ratio of -36.99 and a beta of 0.96. The business’s 50 day moving average price is $15.10 and its 200-day moving average price is $13.51.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.33. Americold Realty Trust had a negative return on equity of 3.73% and a negative net margin of 4.29%.The company had revenue of $629.87 million during the quarter, compared to analyst estimates of $613.77 million. During the same quarter last year, the firm posted $0.34 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities research analysts anticipate that Americold Realty Trust Inc. will post 1.15 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

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

Americold Realty Trust 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.