Envestnet Portfolio Solutions Inc. Sells 2,764 Shares of Americold Realty Trust Inc. $COLD

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 21.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,184 shares of the company’s stock after selling 2,764 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Americold Realty Trust were worth $169,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in COLD. Massachusetts Financial Services Co. MA grew its holdings in shares of Americold Realty Trust by 649.2% during 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 grew its holdings in shares of Americold Realty Trust by 1,567.1% during 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 acquired a new position in shares of Americold Realty Trust during the first quarter valued at $33,751,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Americold Realty Trust in the first quarter valued at about $33,013,000. Finally, Private Management Group Inc. bought a new position in Americold Realty Trust in the first quarter valued at about $27,860,000. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on COLD shares. KeyCorp decreased their price target on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. UBS Group started coverage on Americold Realty Trust in a report on Tuesday, October 14th. They issued a “neutral” rating and a $14.00 price target on the stock. Zacks Research cut Americold Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Barclays decreased their price target on Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Evercore ISI decreased their price target on Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.08.

Americold Realty Trust Trading Up 0.7%

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

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.Americold Realty Trust’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. Sell-side 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.23 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently -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.