Victory Capital Management Inc. reduced its position in shares of Americold Realty Trust, Inc. (NYSE: COLD – Get Rating) by 9.9% during the first quarter, according to the company in its most recent Form 13F filing with the DRY. The institutional investor held 187,774 shares of the company after selling 20,566 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of Americold Realty Trust worth $5,186,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of COLD. Norges Bank purchased a new stake in Americold Realty Trust during the fourth quarter at a value of $263,910,000. Long Pond Capital LP acquired a new stake in Americold Realty Trust during the fourth quarter at a value of $128,703,000. Darlington Partners Capital Management LP acquired a new stake in Americold Realty Trust during the fourth quarter valued at $77,475,000. Capital Research Global Investors increased its position in Americold Realty Trust by 47.3% during the fourth quarter. Capital Research Global Investors now owns 6,690,330 shares of the company worth $219,376,000 after purchasing an additional 2,147,431 shares in the last quarter. Finally, Ceredex Value Advisors LLC increased its position in Americold Realty Trust by 49.9% during the fourth quarter. Ceredex Value Advisors LLC now owns 3,791,528 shares of the company worth $125,157,000 after purchasing an additional 1,261,428 shares in the last quarter.
Performance of Americanold Realty Trust shares
NYSE:COLD shares opened at $31.66 on Wednesday. The company has a market capitalization of $8.53 billion, a PE ratio of -527.67, a P/E/G ratio of 7.53 and a beta of 0.29. The company has a debt ratio of 0.15, a current ratio of 0.17 and a quick ratio of 0.17. The company has a 50-day moving average of $30.51 and a two-hundred-day moving average of $28.41. Americold Realty Trust, Inc. has a 12 month minimum of $23.96 and a 12 month maximum of $37.78.
Americold Realty Trust (NYSE:COLD – Get Rating) last reported quarterly results on Thursday, August 4. The company reported EPS of $0.01 for the quarter, missing the consensus estimate of $0.22 per ($0.21). The company posted revenue of $729.76 million for the quarter, versus analyst estimates of $715.40 million. Americold Realty Trust posted a negative return on equity of 0.40% and a negative net margin of 0.56%. The company’s revenues increased by 11.5% compared to the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $0.28. As a group, research analysts expect Americold Realty Trust, Inc. to post earnings per share of 0.93 for the current year.
Americanold Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Thursday, June 30 received a dividend of $0.22. The ex-dividend date was Wednesday, June 29. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 2.78%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -1,466.67%.
A Wall Street analyst gives his opinion
Several analysts have recently released reports on COLD stocks. Bank of America downgraded Americold Realty Trust from an ‘underperforming’ to a ‘neutral’ rating and raised its price target for the company from $28.00 to $30.00 in a research report from the Thursday, June 2. Truist Financial cut its price target on Americold Realty Trust from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, May 31. TheStreet upgraded Americold Realty Trust from a ‘d+’ rating to a ‘c’ rating in a Friday, August 5 research report. Barclays cut its price target on Americold Realty Trust from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada downgraded Americold Realty Trust’s rating from an “outperform” rating to an “sector performer” rating and set a price target of $34.00 for the stock. in a research report on Monday. One analyst rated the stock with a sell rating, four gave the company a hold rating and four gave the company’s stock a buy rating. Based on MarketBeat data, Americold Realty Trust currently has an average rating of “Hold” and an average target price of $32.67.
About Americanold 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 cubic feet of refrigerated storage, in the United States, Australia, New Zealand, Canada and Argentina.
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