Carnegie Lake Advisors LLC Acquires 54,625 Shares of Americold Realty Trust Inc. $COLD

Carnegie Lake Advisors LLC raised its holdings in Americold Realty Trust Inc. (NYSE:COLD) by 61.4% in the fourth quarter, Holdings Channel reports. The firm owned 143,625 shares of the company’s stock after purchasing an additional 54,625 shares during the period. Carnegie Lake Advisors LLC’s holdings in Americold Realty Trust were worth $1,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC grew its stake in Americold Realty Trust by 90.4% in the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after acquiring an additional 806 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Americold Realty Trust by 63.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after acquiring an additional 948 shares during the period. Avalon Trust Co bought a new position in shares of Americold Realty Trust during the 3rd quarter worth $32,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Americold Realty Trust by 51.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after acquiring an additional 942 shares during the period. Institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Compass Point assumed coverage on Americold Realty Trust in a research note on Wednesday, March 18th. They set a “buy” rating and a $14.50 price target for the company. Barclays increased their price target on Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Wall Street Zen upgraded Americold Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Americold Realty Trust in a research note on Friday, March 27th. Finally, Bank of America downgraded Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 price target for the company. in a research note on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust has a consensus rating of “Reduce” and a consensus price target of $14.87.

Americold Realty Trust Stock Performance

Shares of COLD opened at $15.77 on Friday. The stock’s 50-day simple moving average is $12.82 and its 200 day simple moving average is $12.47. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of -40.44 and a beta of 0.89. 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 52-week low of $10.10 and a 52-week high of $18.08.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.33. The business had revenue of $629.87 million for the quarter, compared to analysts’ expectations of $613.77 million. Americold Realty Trust had a negative return on equity of 3.73% and a negative net margin of 4.29%.The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Research analysts forecast that Americold Realty Trust Inc. will post 1.18 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.8%. Americold Realty Trust’s dividend payout ratio is -235.90%.

Americold Realty Trust Company 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.