The Vanguard Group, Inc. recently announced the acquisition of new stake in Americold Realty Trust Inc. (NYSE:COLD). The institutional investor has increased its shareholding in the Real Estate company by 0.64% to 37.45 million shares with purchase of 0.24 million shares. This fresh investment now brings its stake to 13.87% valued currently at $1.11 billion. In addition, Norges Bank Investment Management raised its holdings by 3.39 million to 15.59 million shares. And BlackRock Fund Advisors has lifted its position by 0.08% or 11316.0 shares – to 13.94 million shares.
With over 1.91 million Americold Realty Trust Inc. (COLD) shares trading Tuesday and a closing price of $29.67 on the day, the dollar volume was approximately $56.73 million. The shares have shown a positive half year performance of 2.42% and its price on 05/23/23 lost nearly -0.24%. Currently, there are 269.59M common shares owned by the public and among those 268.89M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for COLD have a consensus price objective of $34.44. The analysts have set the share’s price value over the next 12 months at a high of $39.00 and a low of $32.00. The average price target is 15.23% above its recent price level and an upside to the estimated low will see the stock gain 7.28% over that period. But an upside of 23.92% will see the stock hit the forecast high price target while median target price for the stock is $35.00.
Insiders at the company have transacted a total of 22 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 30,877 shares. Insider sales of the common stock occurred on 10 occasions, with total insider shares sold totaling 15,948 shares.
The top 3 mutual fund holders in Americold Realty Trust Inc. are Stichting Pensioenfonds ABP, Government Pension Fund – Global, and Vanguard Real Estate Index Fund. Stichting Pensioenfonds ABP owns 19.59 million shares of the company’s stock, all valued at over $579.81 million. The company bought an additional 0.92 million shares recently to bring their total holdings to about 7.26% of the shares outstanding. Government Pension Fund – Global bought 7.55 million shares to see its total holdings expand to 15.59 million shares valued at over $461.41 million and representing 5.77% of the shares outstanding. Vanguard Real Estate Index Fund sold -0.1 million shares to bring its total holdings to over 11.87 million shares at a value of $351.17 million. Vanguard Real Estate Index Fund now owns shares totaling to 4.39% of the shares outstanding.
Shares of Americold Realty Trust Inc. (NYSE: COLD) opened at $29.63, down -$0.11 from a prior closing price of $29.74. However, the script later moved the day high at 30.03, down -0.24%. The company’s stock has a 5-day price change of 2.03% and -2.88% over the past three months. COLD shares are trading 4.80% year to date (YTD), with the 12-month market performance up to 19.95% higher. It has a 12-month low price of $21.49 and touched a high of $32.82 over the same period. COLD has an average intraday trading volume of 1.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.25%, 2.92%, and 3.46% respectively.
Institutional ownership of Americold Realty Trust Inc. (NYSE: COLD) shares accounts for 114.94% of the company’s 269.59M shares outstanding. Mutual fund holders own 39.46%, while other institutional holders and individual stakeholders account for 67.88% and 25.09% respectively.
It has a market capitalization of $7.97B and a beta (3y monthly) value of 0.52. The earnings-per-share (ttm) stands at -$0.07. The company has a debt-to-equity ratio at 0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.51% over the week and 2.20% over the month.
Analysts forecast that Americold Realty Trust Inc. (COLD) will achieve an EPS of $0.01 for the current quarter, $0.07 for the next quarter and $0.32 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was $0.01 a year ago. Earnings per share for the fiscal year are expected to decrease by -199.10%, and 115.65% over the next financial year. EPS should grow at an annualized rate of 9.50% over the next five years, compared to 8.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Americold Realty Trust Inc. (COLD) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 6 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”
