The Manufacturers Life Insurance Company Invests $1.18 Million in Americold Realty Trust Inc. $COLD

The Manufacturers Life Insurance Company purchased a new position in shares of Americold Realty Trust Inc. (NYSE:COLD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 74,741 shares of the company’s stock, valued at approximately $1,175,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in 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 buying an additional 806 shares during the period. Ameriflex Group Inc. acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at about $26,000. EverSource Wealth Advisors LLC grew its stake in shares of Americold Realty Trust by 252.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after acquiring an additional 1,593 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Americold Realty Trust by 63.3% during the third 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. Finally, Farther Finance Advisors LLC increased its position in Americold Realty Trust by 51.1% during the fourth 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. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COLD has been the subject of a number of recent research reports. Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Piper Sandler raised their target price on shares of Americold Realty Trust from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Bank of America upgraded shares of Americold Realty Trust from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $15.00 to $16.00 in a research report on Tuesday, August 18th. DA Davidson set a $16.00 price target on Americold Realty Trust in a research note on Tuesday, August 18th. Finally, Scotiabank increased their price target on Americold Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust currently has an average rating of “Hold” and a consensus target price of $15.63.

Americold Realty Trust Trading Up 0.9%

Shares of Americold Realty Trust stock opened at $14.23 on Friday. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -8.95 and a beta of 0.98. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.25. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $16.88. The firm’s 50-day moving average price is $15.09 and its two-hundred day moving average price is $13.84.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter. The firm had revenue of $662.89 million for the quarter, compared to analyst estimates of $613.54 million. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, analysts forecast that Americold Realty Trust Inc. will post 1.15 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is -57.86%.

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.