Americold Realty Trust, Inc. (NYSE:COLD) Position Trimmed by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 420,332 shares of the company’s stock after selling 17,957 shares during the quarter. 1832 Asset Management L.P. owned 0.15% of Americold Realty Trust worth $10,735,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of COLD. Blue Trust Inc. grew its holdings in shares of Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after acquiring an additional 2,891 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Americold Realty Trust during the 2nd quarter worth about $85,000. Signaturefd LLC lifted its stake in Americold Realty Trust by 22.7% during 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 acquired a new position in shares of Americold Realty Trust in the second quarter worth about $204,000. Finally, Norden Group LLC purchased a new position in shares of Americold Realty Trust in the first quarter worth approximately $220,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of COLD opened at $28.83 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market cap of $8.19 billion, a PE ratio of -24.64, a PEG ratio of 1.99 and a beta of 0.60. The firm’s 50 day moving average price is $28.98 and its 200 day moving average price is $26.33. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $31.88.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results 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 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 firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. As a group, research analysts expect that Americold Realty Trust, Inc. will post 1.35 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, September 30th. Americold Realty Trust’s dividend payout ratio is -75.21%.

Analyst Ratings Changes

COLD has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Scotiabank upped their target price on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Truist Financial raised their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Evercore ISI boosted their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Wolfe Research upgraded shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Monday, July 1st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Americold Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $30.91.

Americold Realty Trust 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.