PNC Financial Services Group Inc. lowered its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 27.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,089 shares of the company's stock after selling 17,388 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Americold Realty Trust were worth $1,313,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Industrial Alliance Investment Management Inc. acquired a new stake in Americold Realty Trust during the fourth quarter worth $27,000. Private Capital Group LLC boosted its stake in Americold Realty Trust by 75.3% during the first quarter. Private Capital Group LLC now owns 1,304 shares of the company's stock worth $37,000 after buying an additional 560 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Americold Realty Trust during the fourth quarter worth $71,000. Focused Wealth Management Inc acquired a new stake in Americold Realty Trust during the first quarter worth $72,000. Finally, Signaturefd LLC boosted its stake in Americold Realty Trust by 40.0% during the first quarter. Signaturefd LLC now owns 2,949 shares of the company's stock worth $82,000 after buying an additional 843 shares in the last quarter.
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Wall Street Analysts Forecast Growth
A number of research firms have weighed in on COLD. Robert W. Baird lifted their price target on shares of Americold Realty Trust from $29.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, July 7th. Bank of America upgraded shares of Americold Realty Trust from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $28.00 to $30.00 in a research note on Thursday, June 2nd. Barclays reduced their target price on shares of Americold Realty Trust from $29.00 to $28.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 9th. Royal Bank of Canada downgraded shares of Americold Realty Trust from an "outperform" rating to a "sector perform" rating and set a $34.00 target price on the stock. in a research note on Monday, August 8th. Finally, Truist Financial reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.67.
Americold Realty Trust Stock Up 1.7 %
Shares of NYSE COLD opened at $29.74 on Thursday. The firm's 50-day simple moving average is $31.14 and its 200 day simple moving average is $28.79. The company has a market cap of $8.01 billion, a price-to-earnings ratio of -495.67, a price-to-earnings-growth ratio of 4.80 and a beta of 0.33. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.17. Americold Realty Trust, Inc. has a 12-month low of $23.96 and a 12-month high of $37.37.
Americold Realty Trust (NYSE:COLD – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.21). The company had revenue of $729.76 million for the quarter, compared to analyst estimates of $715.40 million. Americold Realty Trust had a negative return on equity of 0.41% and a negative net margin of 0.56%. The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. On average, research analysts expect that Americold Realty Trust, Inc. will post 0.94 earnings per share for the current fiscal year.
Americold Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.88 annualized dividend and a yield of 2.96%. Americold Realty Trust's dividend payout ratio is currently -1,466.67%.
Americold Realty Trust Company Profile
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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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