DekaBank Deutsche Girozentrale Sells 1,840 Shares of Americold Realty Trust Inc. $COLD

DekaBank Deutsche Girozentrale trimmed its position in Americold Realty Trust Inc. (NYSE:COLD) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,529 shares of the company’s stock after selling 1,840 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of Americold Realty Trust worth $3,343,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in COLD. Massachusetts Financial Services Co. MA increased its holdings in shares of Americold Realty Trust by 649.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock worth $89,247,000 after purchasing an additional 3,603,716 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Americold Realty Trust by 1,567.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company’s stock worth $63,541,000 after purchasing an additional 2,783,264 shares during the last quarter. Nuveen LLC bought a new stake in shares of Americold Realty Trust in the first quarter worth about $33,751,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Americold Realty Trust in the first quarter worth about $33,013,000. Finally, Private Management Group Inc. bought a new stake in Americold Realty Trust during the first quarter worth approximately $27,860,000. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Trading Up 0.7%

COLD opened at $13.74 on Friday. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of -72.32, a P/E/G ratio of 4.37 and a beta of 0.81. The stock’s 50 day moving average price is $13.58 and its 200-day moving average price is $16.01. Americold Realty Trust Inc. has a one year low of $11.90 and a one year high of $26.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12.

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

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.23 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.7%. Americold Realty Trust’s payout ratio is presently -484.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. KeyCorp reduced their price objective on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Wells Fargo & Company reduced their price objective on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Americold Realty Trust in a research note on Friday. Wall Street Zen cut Americold Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Finally, Evercore ISI reduced their price objective on Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.08.

About Americold Realty Trust

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.