Envestnet Asset Management Inc. Sells 156,645 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Envestnet Asset Management Inc. lessened its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 16.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 801,132 shares of the company’s stock after selling 156,645 shares during the quarter. Envestnet Asset Management Inc. owned about 0.28% of Americold Realty Trust worth $20,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of COLD. Blue Trust Inc. boosted 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 period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Americold Realty Trust in the second quarter worth approximately $85,000. Signaturefd LLC raised its stake 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 purchasing an additional 740 shares in the last quarter. CIBC Asset Management Inc bought a new stake in Americold Realty Trust during the second quarter valued at approximately $204,000. Finally, Norden Group LLC purchased a new position in Americold Realty Trust in the 1st quarter worth approximately $220,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $28.39 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a market cap of $8.06 billion, a PE ratio of -24.26, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60. Americold Realty Trust, Inc. has a 12-month low of $21.87 and a 12-month high of $32.34. The company’s fifty day simple moving average is $28.96 and its two-hundred day simple moving average is $26.31.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). The business 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 revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. As a group, equities analysts expect that Americold Realty Trust, Inc. will post 1.35 EPS for the current year.

Americold Realty Trust Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on COLD shares. Scotiabank lifted their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. 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 report on Wednesday, August 28th. Robert W. Baird boosted their target price on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Truist Financial increased their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.