Dimensional Fund Advisors LP Reduces Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Dimensional Fund Advisors LP decreased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,974,910 shares of the company’s stock after selling 157,984 shares during the period. Dimensional Fund Advisors LP owned approximately 1.40% of Americold Realty Trust worth $101,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of COLD. PGGM Investments purchased a new position in shares of Americold Realty Trust during the second quarter valued at $114,436,000. Long Pond Capital LP purchased a new stake in shares of Americold Realty Trust in the 1st quarter worth approximately $106,206,000. Principal Financial Group Inc. increased its holdings in Americold Realty Trust by 49.6% during the first quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock valued at $291,526,000 after buying an additional 3,879,632 shares during the period. V3 Capital Management L.P. raised its stake in Americold Realty Trust by 181.5% in the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after buying an additional 1,680,275 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC purchased a new stake in Americold Realty Trust during the first quarter worth $27,996,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 1.4 %

Shares of COLD stock opened at $29.22 on Wednesday. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $31.88. The stock has a market cap of $8.30 billion, a P/E ratio of -24.97, a P/E/G ratio of 1.99 and a beta of 0.60. The stock has a 50 day moving average of $29.01 and a 200 day moving average of $26.35. 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 (NYSE:COLD) last posted its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). The firm had revenue of $660.96 million during the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. As a group, sell-side analysts expect that Americold Realty Trust, Inc. will post 1.35 EPS for the current year.

Americold Realty Trust Dividend Announcement

The company 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 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Monday, September 30th. Americold Realty Trust’s payout ratio is currently -75.21%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Evercore ISI upped their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Truist Financial raised their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Scotiabank raised their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Robert W. Baird raised their price target on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company boosted their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $30.91.

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.