Bank of New York Mellon Corp Takes $45.23 Million Position in Americold Realty Trust Inc. $COLD

Bank of New York Mellon Corp purchased a new stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,877,030 shares of the company's stock, valued at approximately $45,227,000. Bank of New York Mellon Corp owned 1.01% of Americold Realty Trust as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in COLD. Vanguard Group Inc. raised its stake in Americold Realty Trust by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 38,597,711 shares of the company's stock worth $496,367,000 after buying an additional 388,809 shares during the last quarter. Norges Bank acquired a new position in Americold Realty Trust in the fourth quarter valued at approximately $152,684,000. State Street Corp boosted its holdings in shares of Americold Realty Trust by 0.7% during the 4th quarter. State Street Corp now owns 10,713,586 shares of the company's stock worth $140,203,000 after buying an additional 75,814 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in shares of Americold Realty Trust by 2.3% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 6,962,583 shares of the company's stock worth $79,791,000 after buying an additional 157,627 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Americold Realty Trust by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,849,709 shares of the company's stock worth $75,227,000 after buying an additional 251,217 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Stock Performance

Shares of COLD opened at $15.07 on Friday. 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 company has a market capitalization of $4.30 billion, a price-to-earnings ratio of -9.48 and a beta of 0.97. The stock has a 50 day moving average of $15.09 and a 200 day moving average of $13.77. Americold Realty Trust Inc. has a 12 month low of $10.10 and a 12 month high of $16.88.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter. The business had revenue of $662.89 million during the quarter, compared to analyst estimates 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 was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, sell-side analysts forecast that Americold Realty Trust Inc. will post 1.15 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.1%. Americold Realty Trust's dividend payout ratio is presently -57.86%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COLD. Citigroup boosted their target price on Americold Realty Trust from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Wells Fargo & Company raised their price objective on Americold Realty Trust from $14.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, June 1st. Robert W. Baird set a $15.00 price objective on Americold Realty Trust in a report on Friday, May 8th. Wall Street Zen raised Americold Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. Finally, Weiss Ratings cut Americold Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Americold Realty Trust currently has an average rating of "Hold" and an average price target of $15.63.

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.

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