Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,719 shares of the company’s stock after selling 2,932 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Americold Realty Trust were worth $733,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Americold Realty Trust by 2,727.4% in the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Americold Realty Trust in the 2nd quarter valued at $85,000. Signaturefd LLC grew its position in shares of Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after buying an additional 740 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in Americold Realty Trust during the 2nd quarter worth $204,000. Finally, Wedmont Private Capital purchased a new stake in Americold Realty Trust in the second quarter valued at $241,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of COLD opened at $28.72 on Thursday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average is $29.01 and its two-hundred day moving average is $26.37. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $31.37. The firm has a market capitalization of $8.16 billion, a PE ratio of -24.55, a P/E/G ratio of 1.90 and a beta of 0.60.

Americold Realty Trust (NYSE:COLD) last posted its quarterly 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). The business 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 firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Research analysts anticipate that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is -75.21%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Robert W. Baird lifted their target price on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Wolfe Research raised 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. JPMorgan Chase & Co. raised 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. Barclays cut 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 report on Wednesday, August 14th. Finally, Scotiabank increased their price target on shares of 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. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $30.91.

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.