Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in Americold Realty Trust Inc. $COLD

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Americold Realty Trust Inc. (NYSE:COLD) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,139 shares of the company’s stock after buying an additional 7,100 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of Americold Realty Trust worth $3,129,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Americold Realty Trust by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,250,726 shares of the company’s stock valued at $26,841,000 after acquiring an additional 24,700 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Americold Realty Trust by 14.6% in the first quarter. Envestnet Asset Management Inc. now owns 982,803 shares of the company’s stock worth $21,091,000 after acquiring an additional 125,232 shares during the period. Cerity Partners LLC purchased a new position in shares of Americold Realty Trust during the first quarter worth $237,000. Xponance Inc. lifted its position in Americold Realty Trust by 4.5% during the first quarter. Xponance Inc. now owns 13,561 shares of the company’s stock valued at $291,000 after purchasing an additional 581 shares during the period. Finally, Ballentine Partners LLC acquired a new position in Americold Realty Trust during the first quarter valued at $251,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on COLD. Wall Street Zen lowered Americold Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. KeyCorp dropped their target price 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. Barclays decreased their price target on Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Wells Fargo & Company dropped their price objective on shares of Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $13.00 target price (down from $19.00) on shares of Americold Realty Trust in a report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust presently has an average rating of “Hold” and a consensus target price of $16.85.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $10.71 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a fifty day moving average of $12.95 and a 200 day moving average of $15.28. The firm has a market cap of $3.05 billion, a PE ratio of -56.37, a PEG ratio of 4.00 and a beta of 0.84. Americold Realty Trust Inc. has a one year low of $10.61 and a one year high of $24.22.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $663.67 million for the quarter, compared to analyst estimates of $659.51 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, research analysts predict that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.6%. The ex-dividend date was Tuesday, September 30th. Americold Realty Trust’s payout ratio is -418.18%.

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.