Americold Realty Trust Inc. $COLD Stock Holdings Cut by Amundi

Amundi reduced its position in shares of Americold Realty Trust Inc. (NYSE:COLD) by 17.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,913 shares of the company’s stock after selling 36,944 shares during the quarter. Amundi’s holdings in Americold Realty Trust were worth $3,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COLD. Mercer Global Advisors Inc. ADV bought a new position in Americold Realty Trust during the 4th quarter valued at $265,000. Bank of America Corp DE boosted its stake in Americold Realty Trust by 18.1% during the 4th quarter. Bank of America Corp DE now owns 1,490,260 shares of the company’s stock valued at $31,892,000 after purchasing an additional 228,662 shares in the last quarter. Cresset Asset Management LLC bought a new position in Americold Realty Trust during the 4th quarter valued at $326,000. Graham Capital Management L.P. bought a new position in Americold Realty Trust during the 4th quarter valued at $345,000. Finally, Lazard Asset Management LLC boosted its stake in Americold Realty Trust by 22.3% during the 4th quarter. Lazard Asset Management LLC now owns 23,119 shares of the company’s stock valued at $494,000 after purchasing an additional 4,219 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Evercore ISI cut their price objective on Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday. Royal Bank Of Canada cut their price objective on Americold Realty Trust from $25.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, August 18th. Barclays cut their price objective on Americold Realty Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Truist Financial cut their price objective on Americold Realty Trust from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, Robert W. Baird cut their price objective on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.00.

Americold Realty Trust Stock Up 2.9%

NYSE:COLD opened at $13.59 on Friday. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -71.52, a PEG ratio of 4.12 and a beta of 0.84. Americold Realty Trust Inc. has a 1-year low of $13.10 and a 1-year high of $29.50. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $15.34 and its 200 day moving average price is $17.80.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.Americold Realty Trust’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. On average, sell-side analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Americold Realty Trust’s payout ratio is presently -484.21%.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.