Diversify Wealth Management LLC Acquires New Holdings in Americold Realty Trust Inc. $COLD

Diversify Wealth Management LLC bought a new position in shares of Americold Realty Trust Inc. (NYSE:COLD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 60,259 shares of the company’s stock, valued at approximately $723,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Americold Realty Trust in the fourth quarter valued at $152,684,000. Baupost Group LLC MA bought a new position in shares of Americold Realty Trust during the 3rd quarter worth approximately $44,064,000. Rush Island Management LP acquired a new stake in Americold Realty Trust in the fourth quarter worth $37,663,000. Morgan Stanley grew its stake in shares of Americold Realty Trust by 114.4% in the 4th quarter. Morgan Stanley now owns 5,330,331 shares of the company’s stock valued at $68,548,000 after buying an additional 2,844,402 shares during the period. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Americold Realty Trust during the fourth quarter valued at approximately $33,518,000. 98.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COLD. Weiss Ratings restated a “sell (d)” rating on shares of Americold Realty Trust in a report on Wednesday, June 24th. Wells Fargo & Company boosted their price objective on Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Scotiabank reiterated a “sector perform” rating on shares of Americold Realty Trust in a research note on Friday, July 10th. Robert W. Baird set a $15.00 price target on shares of Americold Realty Trust in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Americold Realty Trust has an average rating of “Hold” and a consensus price target of $14.79.

Americold Realty Trust Stock Up 0.8%

Americold Realty Trust stock opened at $15.90 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.27. Americold Realty Trust Inc. has a 1-year low of $10.10 and a 1-year high of $17.12. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of -40.77 and a beta of 0.96. The firm has a 50 day simple moving average of $15.03 and a 200 day simple moving average of $13.38.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.33. Americold Realty Trust had a negative return on equity of 3.73% and a negative net margin of 4.29%.The business had revenue of $629.87 million for the quarter, compared to analysts’ expectations of $613.77 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, analysts predict that Americold Realty Trust Inc. will post 1.16 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 annualized dividend and a yield of 5.8%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -235.90%.

Americold Realty Trust 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.