Van ECK Associates Corp Lowers Position in Americold Realty Trust, Inc. (NYSE:COLD)

Van ECK Associates Corp decreased its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,201 shares of the company’s stock after selling 7,315 shares during the period. Van ECK Associates Corp’s holdings in Americold Realty Trust were worth $1,302,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of 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 buying an additional 735 shares during the period. Blue Trust Inc. lifted its stake 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 valued at $75,000 after purchasing an additional 2,891 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Americold Realty Trust during the 2nd quarter worth about $85,000. Signaturefd LLC increased its position in Americold Realty Trust by 22.7% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after purchasing an additional 740 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Americold Realty Trust in the second quarter valued at approximately $204,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 0.2 %

Shares of Americold Realty Trust stock opened at $22.81 on Tuesday. 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 business has a 50-day moving average price of $27.23 and a 200 day moving average price of $26.88. Americold Realty Trust, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $30.92. The firm has a market cap of $6.48 billion, a P/E ratio of -22.58, a P/E/G ratio of 1.50 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 7.98%. The firm had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. During the same period in the prior year, the company posted $0.32 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is -87.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COLD. Truist Financial upped their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Evercore ISI increased their target price on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Scotiabank boosted their price target 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. Wells Fargo & Company increased their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Robert W. Baird reduced their target price on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.