Hsbc Holdings PLC Lowers Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Hsbc Holdings PLC cut its position in Americold Realty Trust, Inc. (NYSE:COLD) by 14.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,108 shares of the company’s stock after selling 47,926 shares during the quarter. Hsbc Holdings PLC owned 0.10% of Americold Realty Trust worth $7,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of COLD. Moors & Cabot Inc. grew its holdings in shares of Americold Realty Trust by 2.3% in the second quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock valued at $443,000 after purchasing an additional 390 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Americold Realty Trust by 26.7% in the second quarter. Renaissance Technologies LLC now owns 745,500 shares of the company’s stock worth $19,040,000 after acquiring an additional 157,200 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Americold Realty Trust by 3.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 77,159 shares of the company’s stock worth $1,971,000 after acquiring an additional 2,733 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Americold Realty Trust by 0.5% in the second quarter. William Blair Investment Management LLC now owns 1,432,799 shares of the company’s stock valued at $36,594,000 after acquiring an additional 6,434 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Americold Realty Trust by 30.1% in the second quarter. American Century Companies Inc. now owns 425,533 shares of the company’s stock valued at $10,868,000 after purchasing an additional 98,326 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Robert W. Baird raised 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. Truist Financial lifted their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. 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 note on Monday, July 1st. Barclays dropped their price target 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. Finally, Wells Fargo & Company boosted their price objective on shares of 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.91.

Americold Realty Trust Stock Up 1.5 %

Shares of NYSE:COLD opened at $28.83 on Tuesday. Americold Realty Trust, Inc. has a 1-year low of $21.87 and a 1-year high of $31.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market cap of $8.19 billion, a P/E ratio of -24.64, a P/E/G ratio of 1.99 and a beta of 0.60. The firm has a fifty day moving average price of $28.98 and a 200 day moving average price of $26.33.

Americold Realty Trust (NYSE:COLD) last announced 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 business had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. Americold Realty Trust’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.28 EPS. Sell-side analysts predict that Americold Realty Trust, Inc. will post 1.35 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.22 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.05%. Americold Realty Trust’s dividend payout ratio is currently -75.21%.

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.