1832 Asset Management L.P. Sells 17,957 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

1832 Asset Management L.P. lessened its position in Americold Realty Trust, Inc. (NYSE:COLD) by 4.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 420,332 shares of the company’s stock after selling 17,957 shares during the period. 1832 Asset Management L.P.’s holdings in Americold Realty Trust were worth $10,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Americold Realty Trust in the fourth quarter worth about $247,000. UBS Group AG increased its position in Americold Realty Trust by 69.2% in the 4th quarter. UBS Group AG now owns 506,795 shares of the company’s stock worth $15,341,000 after buying an additional 207,314 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Americold Realty Trust by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 545,350 shares of the company’s stock worth $16,508,000 after buying an additional 13,658 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Americold Realty Trust by 34.0% in the fourth quarter. Franklin Resources Inc. now owns 269,926 shares of the company’s stock valued at $8,171,000 after acquiring an additional 68,538 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Americold Realty Trust by 6.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 299,980 shares of the company’s stock worth $9,080,000 after acquiring an additional 18,880 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on COLD. Evercore ISI upped 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. Truist Financial increased their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their target price on Americold Realty Trust from $24.00 to $30.00 and gave the stock 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 for the company in a report on Wednesday, August 14th. Finally, Scotiabank lifted their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $30.91.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $28.83 on Tuesday. The stock’s fifty day simple moving average is $28.98 and its 200 day simple moving average is $26.33. Americold Realty Trust, Inc. has a one year low of $21.87 and a one year high of $31.88. The firm has a market cap of $8.19 billion, a price-to-earnings 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 issued its earnings results on Thursday, August 8th. The company reported ($0.23) EPS 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 analyst estimates 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 firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. On average, analysts expect that Americold Realty Trust, Inc. will post 1.35 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Monday, September 30th. Americold Realty Trust’s payout ratio is -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.