IFM Investors Pty Ltd Decreases Stake in Americold Realty Trust Inc. $COLD

IFM Investors Pty Ltd lowered its stake in Americold Realty Trust Inc. (NYSE:COLD) by 19.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 46,157 shares of the company’s stock after selling 11,343 shares during the quarter. IFM Investors Pty Ltd’s holdings in Americold Realty Trust were worth $768,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. GKV Capital Management Co. Inc. bought a new position in shares of Americold Realty Trust in the first quarter worth approximately $36,000. Parallel Advisors LLC grew its holdings in Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after acquiring an additional 847 shares during the last quarter. Assetmark Inc. grew its holdings in Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after acquiring an additional 826 shares during the last quarter. Avalon Trust Co purchased a new position in shares of Americold Realty Trust in the first quarter valued at about $49,000. Finally, Spire Wealth Management bought a new position in shares of Americold Realty Trust during the first quarter valued at about $52,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 1.4%

COLD stock opened at $12.64 on Wednesday. Americold Realty Trust Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $29.50. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of -66.52, a price-to-earnings-growth ratio of 4.02 and a beta of 0.84. The business’s 50 day moving average price is $14.82 and its two-hundred day moving average price is $17.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $650.75 million during the quarter, compared to analysts’ expectations of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Tuesday, September 30th. Americold Realty Trust’s payout ratio is -484.21%.

Analyst Ratings Changes

COLD has been the subject of a number of analyst reports. Robert W. Baird dropped their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, August 13th. Evercore ISI lowered their price target on Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, September 8th. Royal Bank Of Canada cut their price objective on Americold Realty Trust from $25.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, August 18th. BNP Paribas Exane cut Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Thursday, June 12th. Finally, Barclays dropped their price target on Americold Realty Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Americold Realty Trust presently has an average rating of “Hold” and a consensus price target of $19.50.

Americold Realty Trust 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.