Victory Capital Management Inc. Sells 687 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Victory Capital Management Inc. lowered its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,969 shares of the company’s stock after selling 687 shares during the quarter. Victory Capital Management Inc.’s holdings in Americold Realty Trust were worth $944,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COLD. Vanguard Group Inc. raised its position in shares of Americold Realty Trust by 2.9% during the first quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock worth $982,509,000 after purchasing an additional 1,095,116 shares during the period. Principal Financial Group Inc. raised its holdings 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 buying an additional 3,602,337 shares during the period. PGGM Investments bought a new position in Americold Realty Trust in the second quarter valued at approximately $114,436,000. Long Pond Capital LP acquired a new position in shares of Americold Realty Trust in the first quarter valued at approximately $106,206,000. Finally, V3 Capital Management L.P. increased its position in shares of Americold Realty Trust by 181.5% during the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after acquiring an additional 1,680,275 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Barclays cut their price target on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Wednesday, June 26th. Scotiabank boosted their target price on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, Evercore ISI raised their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.91.

Americold Realty Trust Stock Down 0.9 %

NYSE:COLD opened at $28.38 on Friday. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $32.34. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of -24.26, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average price is $28.96 and its two-hundred day moving average price is $26.30.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The firm had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Americold Realty Trust’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts expect 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 paid a dividend of $0.22 per share. The ex-dividend date is Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.10%. Americold Realty Trust’s dividend payout ratio is presently -75.21%.

Americold Realty Trust 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.