Garner Asset Management Corp Has $627,000 Stock Position in Americold Realty Trust Inc. $COLD

Garner Asset Management Corp decreased its position in shares of Americold Realty Trust Inc. (NYSE:COLD) by 46.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 48,768 shares of the company’s stock after selling 42,230 shares during the period. Garner Asset Management Corp’s holdings in Americold Realty Trust were worth $627,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Geneos Wealth Management Inc. increased its stake in shares of Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after purchasing an additional 806 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Americold Realty Trust by 51.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after purchasing an additional 942 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Americold Realty Trust by 63.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after purchasing an additional 948 shares during the period. Norinchukin Bank The increased its stake in shares of Americold Realty Trust by 8.0% in the third quarter. Norinchukin Bank The now owns 13,465 shares of the company’s stock worth $165,000 after purchasing an additional 1,001 shares during the period. Finally, LRI Investments LLC increased its stake in shares of Americold Realty Trust by 90.4% in the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after purchasing an additional 1,026 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Trading Up 0.7%

Shares of COLD opened at $11.99 on Wednesday. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $18.59. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -29.98 and a beta of 0.89. The stock’s 50-day moving average price is $12.09 and its 200 day moving average price is $12.29.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, February 19th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $658.45 million for the quarter, compared to the consensus estimate of $654.55 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The company’s revenue 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. As a group, research analysts predict that Americold Realty Trust Inc. will post 1.18 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.7%. The ex-dividend date was Tuesday, March 31st. Americold Realty Trust’s payout ratio is currently -230.00%.

Analyst Upgrades and Downgrades

COLD has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on Americold Realty Trust in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $13.00 price objective on the stock. Barclays lowered Americold Realty Trust from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $15.00 to $12.00 in a research note on Monday, April 27th. UBS Group lifted their price objective on Americold Realty Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Evercore set a $14.00 price objective on Americold Realty Trust in a research note on Friday, February 20th. Finally, Citigroup boosted their price target on Americold Realty Trust from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $14.10.

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.