Carnegie Lake Advisors LLC Purchases New Holdings in Americold Realty Trust Inc. $COLD

Carnegie Lake Advisors LLC purchased a new stake in Americold Realty Trust Inc. (NYSE:COLD) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 54,500 shares of the company’s stock, valued at approximately $906,000.

A number of other hedge funds also recently modified their holdings of COLD. Cetera Trust Company N.A grew its holdings in shares of Americold Realty Trust by 79.1% during the 2nd quarter. Cetera Trust Company N.A now owns 7,300 shares of the company’s stock worth $121,000 after purchasing an additional 3,225 shares in the last quarter. Connable Office Inc. bought a new position in Americold Realty Trust in the second quarter worth $190,000. Freestone Capital Holdings LLC acquired a new stake in Americold Realty Trust during the second quarter worth $2,894,000. Bank of Montreal Can increased its holdings in Americold Realty Trust by 23.5% in the 2nd quarter. Bank of Montreal Can now owns 113,334 shares of the company’s stock valued at $1,885,000 after buying an additional 21,600 shares during the period. Finally, Cambiar Investors LLC raised its stake in shares of Americold Realty Trust by 21.7% in the 2nd quarter. Cambiar Investors LLC now owns 464,180 shares of the company’s stock valued at $7,719,000 after buying an additional 82,783 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $11.79 on Friday. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -62.03, a P/E/G ratio of 4.00 and a beta of 0.84. The firm’s 50-day moving average price is $13.19 and its two-hundred day moving average price is $15.53. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. Americold Realty Trust Inc. has a 1-year low of $11.46 and a 1-year high of $24.22.

Americold Realty Trust (NYSE:COLD) last posted 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 during the quarter, compared to analysts’ expectations 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 posted $0.35 earnings per share. 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 fiscal year.

Americold Realty Trust Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 7.8%. Americold Realty Trust’s dividend payout ratio (DPR) is -484.21%.

Analyst Upgrades and Downgrades

COLD has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Americold Realty Trust in a research report on Wednesday, October 8th. Evercore ISI restated an “in-line” rating and set a $13.00 price target (down previously from $19.00) on shares of Americold Realty Trust in a research note on Friday. KeyCorp decreased their price objective on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Wall Street Zen cut Americold Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Finally, Wells Fargo & Company cut their target price on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.31.

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.