Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 12.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 49,201 shares of the company’s stock after selling 7,315 shares during the quarter. Van ECK Associates Corp’s holdings in Americold Realty Trust were worth $1,302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. PGGM Investments acquired a new position in shares of Americold Realty Trust in the second quarter worth about $114,436,000. Long Pond Capital LP acquired a new position in Americold Realty Trust in the 1st quarter worth approximately $106,206,000. Principal Financial Group Inc. grew its position in Americold Realty Trust by 30.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock worth $390,783,000 after purchasing an additional 3,602,337 shares in the last quarter. V3 Capital Management L.P. raised its stake in Americold Realty Trust by 181.5% during the 1st quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock valued at $64,941,000 after purchasing an additional 1,680,275 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Americold Realty Trust by 2,542.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after purchasing an additional 1,647,522 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 0.2 %

Americold Realty Trust stock opened at $22.81 on Tuesday. Americold Realty Trust, Inc. has a one year low of $21.87 and a one year high of $30.92. The company’s fifty day moving average price is $27.23 and its two-hundred day moving average price is $26.88. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of -22.58, a PEG ratio of 1.50 and a beta of 0.61. 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 posted its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The firm had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 7.98%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. On average, analysts forecast that Americold Realty Trust, Inc. will post 1.39 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 Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.86%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Wall Street Analyst Weigh In

COLD has been the subject of several research analyst reports. Truist Financial increased 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 increased their price target on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Wells Fargo & Company raised their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Robert W. Baird dropped their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Evercore ISI lifted their target price 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.