State of New Jersey Common Pension Fund D Acquires 52,016 Shares of Americold Realty Trust Inc. $COLD
by Scott Moore · The Cerbat GemState of New Jersey Common Pension Fund D lifted its holdings in Americold Realty Trust Inc. (NYSE:COLD – Free Report) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 388,399 shares of the company’s stock after acquiring an additional 52,016 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.14% of Americold Realty Trust worth $4,995,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in shares of Americold Realty Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after buying an additional 806 shares during the period. LRI Investments LLC grew its stake in shares of Americold Realty Trust by 90.4% in the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after buying an additional 1,026 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after buying an additional 1,593 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Americold Realty Trust by 63.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after buying an additional 948 shares during the period. Finally, Avalon Trust Co acquired a new stake in shares of Americold Realty Trust in the 3rd quarter valued at about $32,000. 98.14% of the stock is owned by institutional investors.
Americold Realty Trust Price Performance
COLD stock opened at $12.32 on Monday. The company has a market capitalization of $3.51 billion, a P/E ratio of -30.79 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $19.68. The business has a 50-day simple moving average of $12.12 and a two-hundred day simple moving average of $12.30.
Americold Realty Trust (NYSE:COLD – Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.68). The company had revenue of $658.45 million for the quarter, compared to analyst estimates of $654.55 million. Americold Realty Trust had a negative net margin of 4.40% and a negative return on equity of 3.71%. Americold Realty Trust’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Research analysts expect that Americold Realty Trust Inc. will post 1.18 EPS for the current fiscal year.
Americold Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 7.5%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -230.00%.
Analysts Set New Price Targets
Several brokerages have recently commented on COLD. Weiss Ratings restated a “sell (d)” rating on shares of Americold Realty Trust in a research note on Friday, March 27th. Piper Sandler began coverage on Americold Realty Trust in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $13.00 target price for the company. Scotiabank upgraded Americold Realty Trust to a “hold” rating in a research note on Wednesday, March 11th. Evercore set a $14.00 price target on Americold Realty Trust in a research note on Friday, February 20th. Finally, Compass Point began coverage on Americold Realty Trust in a research note on Wednesday, March 18th. They set a “buy” rating and a $14.50 price target for the company. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $14.10.
Check Out Our Latest Stock Analysis on Americold Realty Trust
About Americold Realty Trust
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.