Asset Management One Co. Ltd. Sells 19,487 Shares of Americold Realty Trust Inc. $COLD

Asset Management One Co. Ltd. lowered its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 379,052 shares of the company’s stock after selling 19,487 shares during the period. Asset Management One Co. Ltd. owned about 0.13% of Americold Realty Trust worth $6,304,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ethic Inc. bought a new position in shares of Americold Realty Trust during the 2nd quarter valued at $297,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Americold Realty Trust during the 2nd quarter valued at $235,000. Easterly Investment Partners LLC grew its holdings in shares of Americold Realty Trust by 0.3% during the 2nd quarter. Easterly Investment Partners LLC now owns 635,453 shares of the company’s stock valued at $10,568,000 after purchasing an additional 1,641 shares during the last quarter. CWM LLC grew its holdings in shares of Americold Realty Trust by 113.5% during the 2nd quarter. CWM LLC now owns 24,675 shares of the company’s stock valued at $410,000 after purchasing an additional 13,115 shares during the last quarter. Finally, Aberdeen Group plc grew its holdings in shares of Americold Realty Trust by 13.0% during the 2nd quarter. Aberdeen Group plc now owns 86,276 shares of the company’s stock valued at $1,435,000 after purchasing an additional 9,913 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $13.40 on Wednesday. The company has a 50 day moving average price of $13.55 and a 200-day moving average price of $15.91. Americold Realty Trust Inc. has a 52 week low of $11.90 and a 52 week high of $26.42. The firm has a market capitalization of $3.82 billion, a PE ratio of -70.51, a P/E/G ratio of 4.49 and a beta of 0.81. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13.

Americold Realty Trust (NYSE:COLD) last announced 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 firm had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, equities research analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed 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 of this dividend was Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.9%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -484.21%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird reduced their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. Truist Financial reduced their target price on shares of Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Americold Realty Trust in a research report on Wednesday, October 8th. 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 research report on Tuesday, September 23rd. Finally, Royal Bank Of Canada dropped their price target on shares of Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.