Connor Clark & Lunn Investment Management Ltd. Takes Position in Americold Realty Trust Inc. $COLD

Key Points

• Connor Clark & Lunn Investment Management initiated a 240,726-share position in Americold Realty Trust during the second quarter, valued at approximately $3.8 million. Institutional investors collectively own 98.14% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $15.63; the stock recently opened at $15.09.
• Americold reported quarterly EPS of $0.35 and revenue of $662.89 million, exceeding expectations, and declared a quarterly dividend of $0.23 per share, representing a 6.1% annualized yield.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 240,726 shares of the company's stock, valued at approximately $3,784,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Americold Realty Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COLD. Capital Square LLC bought a new stake in shares of Americold Realty Trust in the 2nd quarter worth $461,000. Pinnacle Holdings LLC bought a new position in shares of Americold Realty Trust during the second quarter valued at $2,057,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Americold Realty Trust during the second quarter valued at $1,230,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Americold Realty Trust during the second quarter valued at $1,241,000. Finally, Quantbot Technologies LP bought a new stake in Americold Realty Trust in the 2nd quarter worth about $75,000. 98.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank Of Canada restated a "sector perform" rating and set a $16.00 target price on shares of Americold Realty Trust in a research note on Monday, August 17th. Weiss Ratings downgraded shares of Americold Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. DA Davidson set a $16.00 target price on shares of Americold Realty Trust in a report on Tuesday, August 18th. 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. Finally, Robert W. Baird set a $15.00 target price on shares of Americold Realty Trust in a research note on Friday, May 8th. Four research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.63.

Americold Realty Trust Trading Up 0.4%

Americold Realty Trust stock opened at $15.09 on Friday. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $16.88. The company has a market cap of $4.31 billion, a P/E ratio of -9.49 and a beta of 0.97. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $15.11 and a two-hundred day simple moving average of $13.77.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $662.89 million for the quarter, compared to the consensus estimate of $613.54 million. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The firm's revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Analysts predict that Americold Realty Trust Inc. will post 1.15 EPS for the current year.

Americold Realty Trust Announces Dividend

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

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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