Cbre Investment Management Listed Real Assets LLC Sells 832,687 Shares of Americold Realty Trust Inc. $COLD

Cbre Investment Management Listed Real Assets LLC decreased its position in Americold Realty Trust Inc. (NYSE:COLD) by 52.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 753,292 shares of the company’s stock after selling 832,687 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Americold Realty Trust were worth $9,220,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Americold Realty Trust by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 38,208,902 shares of the company’s stock worth $467,677,000 after buying an additional 367,920 shares during the period. Norges Bank acquired a new position in Americold Realty Trust in the second quarter valued at about $206,317,000. State Street Corp increased its holdings in shares of Americold Realty Trust by 4.8% in the second quarter. State Street Corp now owns 10,705,522 shares of the company’s stock worth $180,437,000 after acquiring an additional 493,256 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Americold Realty Trust by 53.4% in the third quarter. American Century Companies Inc. now owns 7,913,079 shares of the company’s stock worth $96,856,000 after acquiring an additional 2,754,751 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC raised its position in shares of Americold Realty Trust by 11.9% during the third quarter. Lasalle Investment Management Securities LLC now owns 6,955,290 shares of the company’s stock worth $85,133,000 after purchasing an additional 742,319 shares during the period. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

COLD has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, November 14th. Wells Fargo & Company raised their target price on shares of Americold Realty Trust from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Bank of America lowered shares of Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research note on Thursday, February 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Americold Realty Trust in a report on Monday, December 29th. Finally, Citigroup increased their price objective on shares of Americold Realty Trust from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Hold” and an average price target of $14.38.

Americold Realty Trust Stock Down 2.1%

NYSE:COLD opened at $11.85 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $3.37 billion, a PE ratio of -29.61, a PEG ratio of 4.29 and a beta of 0.89. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $22.35. The stock has a 50-day simple moving average of $12.88 and a 200 day simple moving average of $12.71.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, February 19th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.68). The firm had revenue of $658.45 million during the quarter, compared to analyst estimates of $654.55 million. Americold Realty Trust had a negative net margin of 4.40% and a negative return on equity of 3.71%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, sell-side analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Americold Realty Trust’s payout ratio is currently -230.00%.

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.