Atria Investments Inc Reduces Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Atria Investments Inc trimmed its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,597 shares of the company’s stock after selling 954 shares during the quarter. Atria Investments Inc’s holdings in Americold Realty Trust were worth $271,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Assetmark Inc. increased its position in Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after acquiring an additional 961 shares during the last quarter. GAMMA Investing LLC raised its position in Americold Realty Trust by 189.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares during the period. Blue Trust Inc. raised its position in 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 purchasing an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Americold Realty Trust during the second quarter valued at approximately $85,000. Finally, Signaturefd LLC grew its stake in shares of 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 during the last quarter. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on COLD. Scotiabank boosted their price objective 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. Evercore ISI upped their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Robert W. Baird decreased their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Truist Financial upped their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Wells Fargo & Company lifted 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.55.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $23.12 on Friday. The stock’s 50-day moving average is $26.13 and its 200 day moving average is $26.82. Americold Realty Trust, Inc. has a 1-year low of $21.53 and a 1-year high of $30.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $6.57 billion, a P/E ratio of -22.89, a PEG ratio of 1.74 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last posted its 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). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. During the same period in the previous year, the company earned $0.32 EPS. The company’s revenue was up .9% on a year-over-year basis. Research analysts predict that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.81%. Americold Realty Trust’s dividend payout ratio (DPR) is -87.13%.

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.