Victory Capital Management Inc. Has $944,000 Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Victory Capital Management Inc. decreased its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,969 shares of the company’s stock after selling 687 shares during the quarter. Victory Capital Management Inc.’s holdings in Americold Realty Trust were worth $944,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Americold Realty Trust by 2,727.4% during the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after acquiring an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Americold Realty Trust during the 2nd quarter valued at about $85,000. Signaturefd LLC boosted its position in Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after buying an additional 740 shares in the last quarter. CIBC Asset Management Inc bought a new stake in Americold Realty Trust during the second quarter worth about $204,000. Finally, Norden Group LLC bought a new stake in Americold Realty Trust during the first quarter worth about $220,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $28.38 on Friday. The company has a market cap of $8.06 billion, a PE ratio of -24.26, a PEG ratio of 1.99 and a beta of 0.60. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. Americold Realty Trust, Inc. has a 1 year low of $21.87 and a 1 year high of $32.34. The company’s 50-day moving average is $28.96 and its two-hundred day moving average is $26.30.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.54). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The business had revenue of $660.96 million during the quarter, compared to analyst estimates of $653.74 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that Americold Realty Trust, Inc. will post 1.35 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.10%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

Analyst Ratings Changes

A number of research firms have recently issued reports on COLD. Barclays cut their target price on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Truist Financial boosted their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company raised their target price on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Evercore ISI upped their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. raised shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a report on Wednesday, June 26th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.91.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.