Victory Capital Management Inc. Sells 601 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Victory Capital Management Inc. trimmed its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,368 shares of the company’s stock after selling 601 shares during the period. Victory Capital Management Inc.’s holdings in Americold Realty Trust were worth $1,028,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Americold Realty Trust by 9.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock worth $39,936,000 after purchasing an additional 123,776 shares during the last quarter. Tidal Investments LLC grew its position in Americold Realty Trust by 479.9% during the first quarter. Tidal Investments LLC now owns 90,374 shares of the company’s stock valued at $2,252,000 after acquiring an additional 74,790 shares during the last quarter. PGGM Investments bought a new position in Americold Realty Trust during the second quarter valued at approximately $114,436,000. Manning & Napier Advisors LLC bought a new position in Americold Realty Trust during the second quarter valued at approximately $4,460,000. Finally, Swedbank AB bought a new position in Americold Realty Trust during the first quarter valued at approximately $9,495,000. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $24.04 on Thursday. The stock has a fifty day moving average of $25.83 and a 200 day moving average of $26.88. Americold Realty Trust, Inc. has a 52 week low of $21.53 and a 52 week high of $30.92. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of -23.43, a PEG ratio of 1.89 and a beta of 0.61. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The business had revenue of $674.17 million during the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. As a group, research analysts expect that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.66%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barclays reduced their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Evercore ISI increased their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Robert W. Baird dropped their price objective on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Scotiabank increased their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, Truist Financial increased their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

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.