Duff & Phelps Investment Management Co. Decreases Holdings in Americold Realty Trust Inc. $COLD

Duff & Phelps Investment Management Co. trimmed its holdings in Americold Realty Trust Inc. (NYSE:COLD) by 11.5% in the third quarter, HoldingsChannel reports. The fund owned 1,724,098 shares of the company’s stock after selling 224,300 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Americold Realty Trust were worth $21,103,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Americold Realty Trust during the 2nd quarter valued at $206,317,000. DAVENPORT & Co LLC purchased a new stake in Americold Realty Trust during the third quarter valued at about $38,980,000. American Century Companies Inc. boosted its position in Americold Realty Trust by 53.4% during the third quarter. American Century Companies Inc. now owns 7,913,079 shares of the company’s stock valued at $96,856,000 after buying an additional 2,754,751 shares during the period. Lasalle Investment Management Securities LLC grew its stake in shares of Americold Realty Trust by 78.2% during the second quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company’s stock valued at $103,322,000 after buying an additional 2,726,809 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Americold Realty Trust by 57.1% in the second quarter. Bank of America Corp DE now owns 2,771,989 shares of the company’s stock worth $46,098,000 after buying an additional 1,007,172 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America lowered Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 target price for the company. in a research note on Thursday, February 5th. Wells Fargo & Company lifted their price target on Americold Realty Trust from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Barclays lowered their price objective on Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Truist Financial dropped their price objective on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, November 14th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.38.

Americold Realty Trust Stock Down 2.1%

NYSE COLD opened at $11.85 on Thursday. Americold Realty Trust Inc. has a 1 year low of $10.10 and a 1 year high of $22.35. The stock has a market capitalization of $3.37 billion, a PE ratio of -29.61, a PEG ratio of 4.29 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12. The business’s 50-day moving average is $12.88 and its 200 day moving average is $12.71.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.68). Americold Realty Trust had a negative net margin of 4.40% and a negative return on equity of 3.71%. The business had revenue of $658.45 million for the quarter, compared to the consensus estimate of $654.55 million. During the same period in the previous year, the company earned $0.37 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Sell-side analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Tuesday, March 31st. Americold Realty Trust’s dividend payout ratio is currently -230.00%.

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.