State of New Jersey Common Pension Fund D Sells 156,222 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

State of New Jersey Common Pension Fund D lowered its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 31.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 340,001 shares of the company’s stock after selling 156,222 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.12% of Americold Realty Trust worth $8,684,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in shares of Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after acquiring an additional 2,891 shares during the period. Principal Securities Inc. bought a new stake in shares of Americold Realty Trust during the 4th quarter worth approximately $80,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Americold Realty Trust during the 2nd quarter worth approximately $85,000. Signaturefd LLC lifted its holdings in shares of Americold Realty Trust by 22.7% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after acquiring an additional 740 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of Americold Realty Trust during the 2nd quarter worth approximately $204,000. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on COLD shares. Barclays cut their price target on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Robert W. Baird increased their price objective on shares of Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Monday, July 1st. Truist Financial increased their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Evercore ISI increased their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.91.

Americold Realty Trust Trading Up 0.2 %

COLD opened at $29.02 on Friday. The stock has a market cap of $8.25 billion, a PE ratio of -24.80, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $33.24. The company has a fifty day moving average of $28.78 and a 200-day moving average of $26.20. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). The company had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. On average, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.35 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Monday, September 30th. Americold Realty Trust’s dividend payout ratio is presently -75.21%.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.