Americold Realty Trust, Inc. (NYSE:COLD) Stock Holdings Decreased by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its position in Americold Realty Trust, Inc. (NYSE:COLD) by 33.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 260,000 shares of the company’s stock after selling 130,000 shares during the quarter. Impax Asset Management Group plc’s holdings in Americold Realty Trust were worth $7,350,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in COLD. PGGM Investments purchased a new position in shares of Americold Realty Trust in the second quarter worth approximately $114,436,000. Long Pond Capital LP purchased a new position in shares of Americold Realty Trust in the first quarter worth approximately $106,206,000. Principal Financial Group Inc. increased its position in shares of Americold Realty Trust by 30.8% in the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock worth $390,783,000 after acquiring an additional 3,602,337 shares in the last quarter. V3 Capital Management L.P. increased its position in shares of Americold Realty Trust by 181.5% in the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after acquiring an additional 1,680,275 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in shares of Americold Realty Trust by 2,542.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock worth $43,733,000 after acquiring an additional 1,647,522 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Royal Bank of Canada decreased their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday. Evercore ISI raised their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Wells Fargo & Company raised their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Truist Financial raised their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Robert W. Baird reduced their target price on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $30.73.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD opened at $21.85 on Friday. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of -21.63, a P/E/G ratio of 1.76 and a beta of 0.61. The firm’s 50 day simple moving average is $26.67 and its 200 day simple moving average is $26.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.16. Americold Realty Trust, Inc. has a fifty-two week low of $21.53 and a fifty-two week high of $30.92.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. During the same period in the previous year, the company posted $0.32 earnings per share. Americold Realty Trust’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 4.03%. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

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.