Fifth Third Bancorp Sells 1,480 Shares of Americold Realty Trust Inc. $COLD

Fifth Third Bancorp trimmed its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 2.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 64,102 shares of the company’s stock after selling 1,480 shares during the quarter. Fifth Third Bancorp’s holdings in Americold Realty Trust were worth $1,066,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of COLD. Mackenzie Financial Corp bought a new stake in shares of Americold Realty Trust during the 4th quarter valued at $354,000. GAMMA Investing LLC raised its holdings in shares of Americold Realty Trust by 11,560.8% during the 1st quarter. GAMMA Investing LLC now owns 138,181 shares of the company’s stock worth $2,965,000 after buying an additional 136,996 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after buying an additional 847 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Americold Realty Trust during the 1st quarter worth $229,000. Finally, Fulton Bank N.A. raised its holdings in shares of Americold Realty Trust by 10.2% during the 1st quarter. Fulton Bank N.A. now owns 29,354 shares of the company’s stock worth $630,000 after buying an additional 2,712 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BNP Paribas Exane cut Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Thursday, June 12th. Barclays lowered their price target on Americold Realty Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, July 21st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $15.00 price target (down previously from $17.00) on shares of Americold Realty Trust in a report on Tuesday, September 23rd. Truist Financial lowered their price target on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating for the company in a report on Thursday. Finally, Royal Bank Of Canada lowered their price target on Americold Realty Trust from $25.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, August 18th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.25.

Americold Realty Trust Price Performance

Shares of COLD opened at $12.11 on Monday. Americold Realty Trust Inc. has a 12-month low of $12.10 and a 12-month high of $29.02. The business has a 50-day simple moving average of $14.58 and a two-hundred day simple moving average of $17.03. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.45 billion, a PE ratio of -63.74, a PEG ratio of 3.84 and a beta of 0.85.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The business had revenue of $650.75 million during the quarter, compared to analysts’ expectations of $644.95 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts anticipate that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business 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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Tuesday, September 30th. Americold Realty Trust’s payout ratio is -484.21%.

Americold Realty Trust 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.