Americold Realty Trust Inc. $COLD Stock Sold by Sterling Capital Management LLC

Key Points

• Sterling Capital Management cut its Americold Realty Trust stake by 92.3% in the third quarter, selling 98,273 shares and retaining 8,240 shares valued at approximately $115,000.
• Institutional ownership remains high at 98.14%, with several major investors—including BlackRock, Ancora Advisors and the Canada Pension Plan Investment Board—initiating or increasing positions.
• Analysts maintain a consensus “Hold” rating with an average price target of $15.46, while Americold offers a $0.92 annual dividend, yielding about 6.4%.

Sterling Capital Management LLC lowered its holdings in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 92.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,240 shares of the company's stock after selling 98,273 shares during the quarter. Sterling Capital Management LLC's holdings in Americold Realty Trust were worth $115,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Americold Realty Trust during the 2nd quarter worth $350,837,000. Ancora Advisors LLC purchased a new stake in Americold Realty Trust in the 2nd quarter valued at about $163,962,000. Canada Pension Plan Investment Board purchased a new stake in Americold Realty Trust in the 2nd quarter valued at about $126,564,000. Lasalle Investment Management Securities LLC raised its holdings in Americold Realty Trust by 2.3% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 6,962,583 shares of the company's stock valued at $79,791,000 after buying an additional 157,627 shares during the period. Finally, Alyeska Investment Group L.P. lifted its position in Americold Realty Trust by 17.2% in the second quarter. Alyeska Investment Group L.P. now owns 5,583,153 shares of the company's stock valued at $87,767,000 after buying an additional 817,860 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on COLD. Scotiabank raised shares of Americold Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $16.00 target price for the company in a research note on Friday, October 2nd. JPMorgan Chase & Co. raised shares of Americold Realty Trust from an "underweight" rating to a "neutral" rating and set a $16.00 price target on the stock in a research note on Thursday, September 24th. UBS Group decreased their price objective on shares of Americold Realty Trust from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, October 20th. Piper Sandler lowered their price objective on shares of Americold Realty Trust from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Monday, October 12th. Finally, Evercore reaffirmed an "outperform" rating and set a $19.00 price objective on shares of Americold Realty Trust in a research report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $15.46.

Americold Realty Trust Price Performance

COLD opened at $14.33 on Monday. The stock's 50-day moving average price is $14.38 and its 200 day moving average price is $13.80. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $16.88. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of -9.02 and a beta of 0.92.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter. The company had revenue of $662.89 million during the quarter, compared to analysts' expectations of $613.54 million. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%. Americold Realty Trust's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, sell-side analysts expect that Americold Realty Trust Inc. will post 1.22 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.23 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.4%. Americold Realty Trust's payout ratio is -57.86%.

Americold Realty Trust Profile

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. Through its operating platform, Americold Logistics, the company provides refrigerated and frozen storage, handling, transportation and supply-chain services for food producers, retailers, distributors and other customers.

Its facilities support the movement of perishable products, including meat, seafood, dairy, fruit, vegetables, prepared foods and pharmaceuticals.

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