Westwood Holdings Group Inc. Trims Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Westwood Holdings Group Inc. lowered its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 49.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 552,659 shares of the company’s stock after selling 532,922 shares during the quarter. Westwood Holdings Group Inc. owned about 0.19% of Americold Realty Trust worth $14,115,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of COLD. Blue Trust Inc. raised its stake in 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 buying an additional 2,891 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Americold Realty Trust during the second quarter valued at approximately $85,000. Signaturefd LLC lifted its position in Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after acquiring an additional 740 shares in the last quarter. CIBC Asset Management Inc bought a new position in Americold Realty Trust in the 2nd quarter valued at approximately $204,000. Finally, Norden Group LLC purchased a new stake in Americold Realty Trust during the 1st quarter valued at $220,000. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COLD shares. Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Monday, July 1st. Truist Financial upped their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. 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 report on Wednesday, August 14th. Wells Fargo & Company upped their price target on shares of 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. Finally, JPMorgan Chase & Co. upgraded shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $30.91.

Americold Realty Trust Stock Performance

COLD stock opened at $28.39 on Friday. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $32.34. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of -24.26, a PEG ratio of 1.99 and a beta of 0.60. The business’s fifty day simple moving average is $28.96 and its two-hundred day simple moving average is $26.31. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21.

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 analysts’ consensus estimates of $0.31 by ($0.54). The company had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. Analysts predict that Americold Realty Trust, Inc. will post 1.35 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.10%. Americold Realty Trust’s payout ratio is currently -75.21%.

Americold Realty Trust Company Profile

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.