Americold Realty Trust Inc. $COLD Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its stake in Americold Realty Trust Inc. (NYSE:COLD) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,305 shares of the company’s stock after selling 8,025 shares during the period. Teacher Retirement System of Texas’ holdings in Americold Realty Trust were worth $1,602,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Y Intercept Hong Kong Ltd lifted its position in Americold Realty Trust by 544.4% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 221,879 shares of the company’s stock worth $3,690,000 after acquiring an additional 187,448 shares during the period. Whipplewood Advisors LLC lifted its stake in shares of Americold Realty Trust by 10,869.6% in the second quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock valued at $42,000 after purchasing an additional 2,500 shares during the period. AlphaQuest LLC increased its stake in Americold Realty Trust by 7.3% in the 2nd quarter. AlphaQuest LLC now owns 9,334 shares of the company’s stock valued at $155,000 after purchasing an additional 633 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Americold Realty Trust by 46.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,461 shares of the company’s stock valued at $62,470,000 after purchasing an additional 1,182,707 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Americold Realty Trust by 49,833.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock worth $25,000 after acquiring an additional 1,495 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 3.6%

Americold Realty Trust stock opened at $12.42 on Wednesday. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of -65.35, a PEG ratio of 4.00 and a beta of 0.81. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $13.34 and its two-hundred day moving average price is $15.63. Americold Realty Trust Inc. has a 52 week low of $11.90 and a 52 week high of $26.42.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The company 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 quarter last year, the firm posted $0.38 EPS. On average, analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Tuesday, September 30th. Americold Realty Trust’s payout ratio is currently -484.21%.

Analysts Set New Price Targets

Several research firms have recently issued reports on COLD. Evercore ISI decreased their price objective 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. Zacks Research lowered shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $15.00 price objective (down from $17.00) on shares of Americold Realty Trust in a research report on Tuesday, September 23rd. KeyCorp reduced their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Finally, 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 research report on Thursday, September 25th. 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 company. According to data from MarketBeat, Americold Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $18.08.

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.