IFM Investors Pty Ltd Sells 11,343 Shares of Americold Realty Trust Inc. $COLD

IFM Investors Pty Ltd trimmed its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 19.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,157 shares of the company’s stock after selling 11,343 shares during the quarter. IFM Investors Pty Ltd’s holdings in Americold Realty Trust were worth $768,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in COLD. Entropy Technologies LP bought a new stake in shares of Americold Realty Trust during the first quarter valued at about $494,000. Vision Capital Corp increased its holdings in Americold Realty Trust by 3.6% during the 1st quarter. Vision Capital Corp now owns 1,237,320 shares of the company’s stock worth $26,553,000 after acquiring an additional 42,600 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Americold Realty Trust by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock worth $90,766,000 after acquiring an additional 73,856 shares during the period. Earnest Partners LLC lifted its stake in Americold Realty Trust by 2.8% in the 1st quarter. Earnest Partners LLC now owns 2,595,058 shares of the company’s stock worth $55,690,000 after purchasing an additional 71,069 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in Americold Realty Trust by 14.8% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,786,323 shares of the company’s stock valued at $59,794,000 after purchasing an additional 358,694 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on COLD shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $15.00 price target (down previously from $17.00) on shares of Americold Realty Trust in a report on Tuesday. Zacks Research lowered Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Barclays dropped their price target on Americold Realty Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada lowered their target price on shares of Americold Realty Trust from $25.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, August 18th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.50.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $12.64 on Wednesday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of -66.52, a PEG ratio of 4.02 and a beta of 0.84. The business has a 50 day moving average of $14.82 and a 200 day moving average of $17.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. Americold Realty Trust Inc. has a 1-year low of $12.44 and a 1-year high of $29.50.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. During the same period last year, the firm posted $0.38 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.3%. The ex-dividend date is Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio is presently -484.21%.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.