Quantbot Technologies LP Decreases Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Quantbot Technologies LP reduced its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 47.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,778 shares of the company’s stock after selling 93,323 shares during the period. Quantbot Technologies LP’s holdings in Americold Realty Trust were worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in COLD. PGGM Investments acquired a new position in Americold Realty Trust during the 2nd quarter valued at about $114,436,000. Long Pond Capital LP purchased a new stake in shares of Americold Realty Trust in the first quarter worth about $106,206,000. Principal Financial Group Inc. boosted its stake in shares of Americold Realty Trust by 49.6% in the first quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock worth $291,526,000 after buying an additional 3,879,632 shares during the last quarter. V3 Capital Management L.P. boosted its stake in shares of Americold Realty Trust by 181.5% in the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after buying an additional 1,680,275 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC purchased a new stake in shares of Americold Realty Trust in the first quarter worth about $27,996,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Stock Performance

NYSE COLD opened at $28.32 on Wednesday. The company has a market cap of $8.04 billion, a PE ratio of -24.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60. The stock’s 50 day simple moving average is $28.87 and its 200-day simple moving average is $26.26. Americold Realty Trust, Inc. has a 1-year low of $21.87 and a 1-year high of $33.24. 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 released its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.54). The firm had revenue of $660.96 million during the quarter, compared to analysts’ expectations of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. As a group, equities research analysts anticipate that Americold Realty Trust, Inc. will post 1.35 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.22 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.11%. Americold Realty Trust’s dividend payout ratio is presently -75.21%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Scotiabank upped their target price 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. Truist Financial upped their target price 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. 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 research note on Friday, August 9th. Barclays lowered their price target on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Finally, Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Monday, July 1st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.91.

About Americold Realty Trust

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.