Cambiar Investors LLC Sells 157,848 Shares of Americold Realty Trust Inc. $COLD

Cambiar Investors LLC lessened its stake in Americold Realty Trust Inc. (NYSE:COLD) by 34.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 306,332 shares of the company’s stock after selling 157,848 shares during the quarter. Cambiar Investors LLC’s holdings in Americold Realty Trust were worth $3,750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Americold Realty Trust during the 2nd quarter worth about $206,317,000. DAVENPORT & Co LLC acquired a new position in Americold Realty Trust during the third quarter valued at approximately $38,980,000. Lasalle Investment Management Securities LLC increased its stake in Americold Realty Trust by 78.2% in 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 purchasing an additional 2,726,809 shares in the last quarter. American Century Companies Inc. increased its stake in Americold Realty Trust by 31.7% in the second quarter. American Century Companies Inc. now owns 5,158,328 shares of the company’s stock valued at $85,783,000 after purchasing an additional 1,241,241 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Americold Realty Trust by 46.0% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,461 shares of the company’s stock worth $62,470,000 after purchasing an additional 1,182,707 shares during the period. Institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on COLD shares. Barclays lowered their price objective on shares of 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. Scotiabank raised their price target on Americold Realty Trust from $12.00 to $14.00 and gave the stock a “sector perform” rating in a research report on Friday, January 9th. Truist Financial decreased their price objective on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Wall Street Zen downgraded shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Finally, Royal Bank Of Canada lowered shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Americold Realty Trust currently has a consensus rating of “Hold” and an average price target of $13.92.

Americold Realty Trust Trading Down 1.5%

NYSE COLD opened at $12.77 on Wednesday. Americold Realty Trust Inc. has a 52 week low of $10.10 and a 52 week high of $23.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.11 and a current ratio of 0.11. The stock’s 50 day moving average price is $12.26 and its two-hundred day moving average price is $13.33. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of -58.02, a PEG ratio of 4.60 and a beta of 0.91.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $663.67 million for the quarter, compared to the consensus estimate of $659.51 million. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, analysts anticipate that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.92 annualized dividend and a yield of 7.2%. Americold Realty Trust’s payout ratio is -418.18%.

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.