State of Alaska Department of Revenue Sells 1,642 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

State of Alaska Department of Revenue lessened its position in Americold Realty Trust, Inc. (NYSE:COLD) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 135,733 shares of the company’s stock after selling 1,642 shares during the period. State of Alaska Department of Revenue’s holdings in Americold Realty Trust were worth $3,837,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Americold Realty Trust by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock worth $982,509,000 after acquiring an additional 1,095,116 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Americold Realty Trust by 30.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after purchasing an additional 3,602,337 shares in the last quarter. Darlington Partners Capital Management LP boosted its stake in shares of Americold Realty Trust by 15.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after purchasing an additional 1,183,571 shares in the last quarter. PGGM Investments bought a new stake in shares of Americold Realty Trust during the 2nd quarter valued at about $114,436,000. Finally, Long Pond Capital LP boosted its stake in shares of Americold Realty Trust by 2.9% during the 2nd quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock valued at $112,001,000 after purchasing an additional 123,440 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 0.6 %

Shares of NYSE COLD opened at $25.91 on Thursday. Americold Realty Trust, Inc. has a 1 year low of $21.87 and a 1 year high of $30.92. The stock has a market cap of $7.36 billion, a P/E ratio of -22.14, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The firm has a 50-day moving average of $28.01 and a 200 day moving average of $26.76. 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) earnings per share (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 analysts’ expectations 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 firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. As a group, sell-side analysts expect that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.40%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COLD. Wells Fargo & Company lifted their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Scotiabank lifted their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Evercore ISI lifted 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. Robert W. Baird lifted their target price on shares of Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Truist Financial lifted 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. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $31.18.

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.