Bank of America Corp DE Purchases Shares of 3,062,420 Americold Realty Trust Inc. $COLD

Key Points

• Bank of America purchased 3.06 million shares of Americold Realty Trust during the second quarter, valued at approximately $48.1 million and representing a 1.07% stake. Institutional investors and hedge funds collectively own 98.14% of the company.
• Americold reported quarterly revenue of $662.9 million, above estimates of $613.5 million, while revenue rose 1.9% year over year. The company maintained 2026 EPS guidance of $1.20–$1.30.
• The company declared a quarterly dividend of $0.23 per share, or $0.92 annually, implying a 6.4% yield. Analysts’ average rating is “Hold,” with an average price target of $15.63 versus the stock’s recent $14.39 price.

Bank of America Corp DE purchased a new position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,062,420 shares of the company's stock, valued at approximately $48,141,000. Bank of America Corp DE owned 1.07% of Americold Realty Trust as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Caisse de depot et placement du Quebec acquired a new position in Americold Realty Trust during the 2nd quarter valued at $494,000. Jupiter Topco LLC acquired a new stake in Americold Realty Trust in the 2nd quarter worth $1,877,000. Hsbc Holdings PLC acquired a new stake in Americold Realty Trust in the 2nd quarter worth $10,605,000. Ancora Advisors LLC bought a new position in shares of Americold Realty Trust during the 2nd quarter worth about $163,962,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Americold Realty Trust during the 2nd quarter worth about $126,564,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Stock Down 0.1%

COLD opened at $14.39 on Monday. The firm's 50-day simple moving average is $14.79 and its 200-day simple moving average is $13.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $16.88. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of -9.05 and a beta of 0.98.

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

Americold Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on COLD shares. Piper Sandler increased their target price on shares of Americold Realty Trust from $13.00 to $17.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. KeyCorp restated an "overweight" rating on shares of Americold Realty Trust in a research note on Monday, August 10th. UBS Group upped their price target on Americold Realty Trust from $13.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. Finally, Bank of America raised Americold Realty Trust from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $15.00 to $16.00 in a report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $15.63.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. The company provides cold storage infrastructure for food producers, retailers, distributors and other customers whose products require refrigerated or frozen environments.

Americold's services include refrigerated and frozen storage, handling, inventory management, transportation coordination and other supply-chain solutions. Its facilities support the movement of perishable products such as meat, seafood, dairy, fruits and vegetables, prepared foods and other temperature-sensitive goods from producers to retailers and consumers.

The company serves customers through a network of temperature-controlled properties in key food distribution markets across North America, Europe and the Asia-Pacific region.

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