Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLDGet Rating) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,628 shares of the company’s stock after selling 6,030 shares during the period. State of Alaska Department of Revenue’s holdings in Americold Realty Trust were worth $3,953,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rhumbline Advisers increased its stake in shares of Americold Realty Trust by 5.3% during the 4th quarter. Rhumbline Advisers now owns 295,201 shares of the company’s stock worth $9,680,000 after purchasing an additional 14,850 shares during the last quarter. abrdn plc raised its holdings in shares of Americold Realty Trust by 5.9% in the 4th quarter. abrdn plc now owns 56,460 shares of the company’s stock worth $1,851,000 after buying an additional 3,125 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in shares of Americold Realty Trust in the 4th quarter worth approximately $1,243,000. Charles Schwab Investment Management Inc. grew its position in Americold Realty Trust by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,722,394 shares of the company’s stock worth $89,268,000 after acquiring an additional 131,683 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Americold Realty Trust by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 3,948,414 shares of the company’s stock valued at $129,468,000 after buying an additional 297,438 shares during the last quarter.

Americold Realty Trust Stock Up 0.1 %

COLD opened at $27.05 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.19 and a quick ratio of 0.19. The company’s 50-day moving average is $30.68 and its 200 day moving average is $28.88. Americold Realty Trust, Inc. has a fifty-two week low of $23.96 and a fifty-two week high of $33.51. The firm has a market capitalization of $7.29 billion, a P/E ratio of -450.83, a PEG ratio of 3.67 and a beta of 0.33.

Americold Realty Trust (NYSE:COLDGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). Americold Realty Trust had a negative net margin of 0.56% and a negative return on equity of 0.41%. The firm had revenue of $729.76 million for the quarter, compared to the consensus estimate of $715.40 million. During the same period in the previous year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Research analysts expect that Americold Realty Trust, Inc. will post 0.96 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 29th. Americold Realty Trust’s payout ratio is currently -1,466.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on COLD shares. Robert W. Baird increased their price target on Americold Realty Trust from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, July 7th. Royal Bank of Canada downgraded Americold Realty Trust from an “outperform” rating to a “sector perform” rating and set a $34.00 price target on the stock. in a research note on Monday, August 8th. Evercore ISI upped their price objective on Americold Realty Trust to $33.00 in a research note on Monday, August 15th. Truist Financial dropped their price objective on Americold Realty Trust from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, May 31st. Finally, Bank of America upgraded Americold Realty Trust from an “underperform” rating to a “neutral” rating and increased their price target for the company from $28.00 to $30.00 in a research note on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.67.

About Americold Realty Trust

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Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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Institutional Ownership by Quarter for Americold Realty Trust (NYSE:COLD)

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