Point72 DIFC Ltd Sells 23,795 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Point72 DIFC Ltd decreased its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 94.3% in the second quarter, Holdings Channel.com reports. The firm owned 1,429 shares of the company’s stock after selling 23,795 shares during the period. Point72 DIFC Ltd’s holdings in Americold Realty Trust were worth $36,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in COLD. Marshall Wace LLP grew its holdings in shares of Americold Realty Trust by 16.5% in the second quarter. Marshall Wace LLP now owns 1,311,063 shares of the company’s stock worth $33,485,000 after purchasing an additional 186,145 shares during the last quarter. RDST Capital LLC raised its position in Americold Realty Trust by 13.4% during the 2nd quarter. RDST Capital LLC now owns 1,695,825 shares of the company’s stock valued at $43,311,000 after purchasing an additional 200,315 shares during the last quarter. Delap Wealth Advisory LLC purchased a new stake in Americold Realty Trust in the 2nd quarter worth approximately $390,000. Ensign Peak Advisors Inc grew its position in shares of Americold Realty Trust by 9.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 99,824 shares of the company’s stock worth $2,550,000 after buying an additional 8,945 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Americold Realty Trust by 20.7% during the second quarter. Canada Pension Plan Investment Board now owns 237,800 shares of the company’s stock valued at $6,073,000 after buying an additional 40,800 shares during the period. 98.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COLD has been the subject of several research reports. Truist Financial increased their target price on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company raised their price target 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 lowered their target price on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Scotiabank raised their price target on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, Robert W. Baird upped their target price on shares of Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.91.

Americold Realty Trust Stock Down 0.1 %

COLD opened at $28.60 on Monday. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of -24.44, a price-to-earnings-growth ratio of 1.90 and a beta of 0.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The firm’s fifty day moving average is $29.02 and its 200 day moving average is $26.40. Americold Realty Trust, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $30.99.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data 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). The business had revenue of $660.96 million during 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 business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS. On average, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -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.