Robert Harris Sells 887 Shares of Americold Realty Trust (NYSE:COLD) Stock

Americold Realty Trust Inc. (NYSE:COLD) CAO Robert Harris sold 887 shares of the business’s stock in a transaction dated Sunday, March 8th. The shares were sold at an average price of $11.97, for a total transaction of $10,617.39. Following the completion of the transaction, the chief accounting officer directly owned 6,045 shares of the company’s stock, valued at $72,358.65. The trade was a 12.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $11.85 on Thursday. The stock has a market capitalization of $3.37 billion, a P/E ratio of -29.61, a P/E/G ratio of 4.29 and a beta of 0.89. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $22.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12. The firm’s 50-day moving average is $12.88 and its two-hundred day moving average is $12.71.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 19th. The company reported ($0.31) earnings per share 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 business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on COLD shares. Wells Fargo & Company lifted their price objective on Americold Realty Trust from $11.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Zacks Research upgraded Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. decreased their price target on Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, November 14th. Scotiabank upped their price objective on shares of Americold Realty Trust from $12.00 to $14.00 and gave the company a “sector perform” rating in a research note on Friday, January 9th. Finally, Evercore set a $14.00 price objective on shares of Americold Realty Trust in a report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COLD. Goldman Sachs Group Inc. increased its stake in Americold Realty Trust by 42.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company’s stock worth $45,025,000 after acquiring an additional 626,160 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Americold Realty Trust in the 1st quarter valued at about $240,000. Jane Street Group LLC grew its holdings in shares of Americold Realty Trust by 8.7% during the 1st quarter. Jane Street Group LLC now owns 71,335 shares of the company’s stock worth $1,531,000 after purchasing an additional 5,693 shares during the period. Bank of Montreal Can grew its holdings in shares of Americold Realty Trust by 23.5% during the 2nd quarter. Bank of Montreal Can now owns 113,334 shares of the company’s stock worth $1,885,000 after purchasing an additional 21,600 shares during the period. Finally, Metis Global Partners LLC increased its position in Americold Realty Trust by 30.8% during the 2nd quarter. Metis Global Partners LLC now owns 43,323 shares of the company’s stock worth $720,000 after purchasing an additional 10,195 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.