Bank of America Corp DE reduced its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,217,628 shares of the company's stock after selling 17,932 shares during the quarter. Bank of America Corp DE owned 0.45% of Americold Realty Trust worth $33,947,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Barclays PLC grew its stake in Americold Realty Trust by 260.4% during the 4th quarter. Barclays PLC now owns 173,234 shares of the company's stock valued at $5,680,000 after purchasing an additional 125,173 shares in the last quarter. State Street Corp grew its stake in Americold Realty Trust by 11.3% during the 4th quarter. State Street Corp now owns 9,861,242 shares of the company's stock valued at $325,497,000 after purchasing an additional 998,522 shares in the last quarter. Capital Research Global Investors grew its stake in Americold Realty Trust by 47.3% during the 4th quarter. Capital Research Global Investors now owns 6,690,330 shares of the company's stock valued at $219,376,000 after purchasing an additional 2,147,431 shares in the last quarter. Long Pond Capital LP acquired a new stake in Americold Realty Trust during the 4th quarter valued at approximately $128,703,000. Finally, Legal & General Group Plc grew its stake in Americold Realty Trust by 1.9% during the 4th quarter. Legal & General Group Plc now owns 1,730,567 shares of the company's stock valued at $56,745,000 after purchasing an additional 31,647 shares in the last quarter.
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Americold Realty Trust Price Performance
Shares of NYSE:COLD opened at $24.60 on Friday. Americold Realty Trust, Inc. has a fifty-two week low of $23.96 and a fifty-two week high of $33.51. The business has a 50-day moving average of $29.90 and a two-hundred day moving average of $28.84. The stock has a market capitalization of $6.63 billion, a P/E ratio of -410.00, a P/E/G ratio of 3.33 and a beta of 0.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.19 and a quick ratio of 0.19.
Americold Realty Trust (NYSE:COLD – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.21). The business 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%. Americold Realty Trust's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. On average, equities research analysts predict that Americold Realty Trust, Inc. will post 0.96 EPS for the current fiscal year.
Americold Realty Trust Dividend Announcement
The firm 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. The ex-dividend date is Thursday, September 29th. This represents a $0.88 dividend on an annualized basis and a yield of 3.58%. Americold Realty Trust's dividend payout ratio (DPR) is presently -1,466.67%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Robert W. Baird raised their price objective 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. TheStreet upgraded Americold Realty Trust from a "d+" rating to a "c" rating in a research report on Friday, August 5th. Evercore ISI lifted their target price on Americold Realty Trust to $33.00 in a research report on Monday, August 15th. Royal Bank of Canada lowered Americold Realty Trust from an "outperform" rating to a "sector perform" rating and set a $34.00 target price for the company. in a research report on Monday, August 8th. Finally, Barclays decreased their target price on Americold Realty Trust from $29.00 to $28.00 and set an "underweight" rating for the company in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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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