Sei Investments Co. Sells 51,488 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Sei Investments Co. lessened its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,576,068 shares of the company’s stock after selling 51,488 shares during the quarter. Sei Investments Co. owned approximately 0.55% of Americold Realty Trust worth $40,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds 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% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after buying an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Americold Realty Trust in the 2nd quarter worth $85,000. Signaturefd LLC lifted its holdings in shares of Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after buying an additional 740 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Americold Realty Trust in the 2nd quarter worth $204,000. Finally, Norden Group LLC purchased a new stake in shares of Americold Realty Trust in the 1st quarter worth $220,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 1.5 %

Shares of NYSE:COLD opened at $28.83 on Tuesday. The business’s 50-day moving average is $28.98 and its 200 day moving average is $26.33. Americold Realty Trust, Inc. has a 1 year low of $21.87 and a 1 year high of $31.88. The firm has a market capitalization of $8.19 billion, a P/E ratio of -24.64, a P/E/G ratio of 1.99 and a beta of 0.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16.

Americold Realty Trust (NYSE:COLD) last announced 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). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The business had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. During the same period in the prior year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts predict that Americold Realty Trust, Inc. will post 1.35 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, September 30th. Americold Realty Trust’s dividend payout ratio is presently -75.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Robert W. Baird upped their target price on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Truist Financial upped their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Barclays decreased their price objective on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Evercore ISI upped their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Wolfe Research upgraded 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. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.91.

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.