Americold Realty Trust Inc. $COLD Stock: Private Management Group Inc. Lowers Position

Private Management Group Inc. reduced its position in Americold Realty Trust Inc. (NYSE:COLD) by 14.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,018,832 shares of the company’s stock after selling 661,088 shares during the quarter. Americold Realty Trust comprises about 1.4% of Private Management Group Inc.’s holdings, making the stock its 4th largest position. Private Management Group Inc. owned approximately 1.41% of Americold Realty Trust worth $56,183,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Americold Realty Trust in the second quarter valued at about $350,837,000. Ancora Advisors LLC purchased a new position in Americold Realty Trust during the second quarter worth about $163,962,000. Canada Pension Plan Investment Board acquired a new stake in Americold Realty Trust in the second quarter valued at about $126,564,000. Lasalle Investment Management Securities LLC lifted its position in Americold Realty Trust by 2.3% in the first quarter. Lasalle Investment Management Securities LLC now owns 6,962,583 shares of the company’s stock valued at $79,791,000 after purchasing an additional 157,627 shares during the period. Finally, Alyeska Investment Group L.P. boosted its holdings in Americold Realty Trust by 17.2% in the 2nd quarter. Alyeska Investment Group L.P. now owns 5,583,153 shares of the company’s stock valued at $87,767,000 after purchasing an additional 817,860 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Stock Performance

Shares of COLD opened at $16.02 on Tuesday. The company has a 50-day simple moving average of $14.40 and a 200-day simple moving average of $13.87. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.57 billion, a PE ratio of 11.09 and a beta of 0.93. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $16.88.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.37. The firm had revenue of $691.56 million during the quarter, compared to analysts’ expectations of $640.82 million. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. Equities research analysts predict that Americold Realty Trust Inc. will post 1.22 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.23 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.7%. Americold Realty Trust’s dividend payout ratio is currently 110.84%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Americold Realty Trust from an “underweight” rating to a “neutral” rating and set a $16.00 target price on the stock in a research report on Thursday, September 24th. UBS Group cut their target price on Americold Realty Trust from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, October 20th. Bank of America raised Americold Realty Trust from an “underperform” rating to a “neutral” rating and raised their price target for the company from $15.00 to $16.00 in a report on Tuesday, August 18th. Royal Bank Of Canada restated a “sector perform” rating and issued a $16.00 price target on shares of Americold Realty Trust in a research note on Monday, August 17th. Finally, Evercore reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Americold Realty Trust in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.46.

Americold Realty Trust Profile

Americold Realty Trust is a real estate investment trust that owns and operates temperature-controlled warehouses and provides logistics services for the food supply chain. Its facilities help customers store and move perishable products, including food produced by manufacturers and processors and products distributed to retailers and food-service businesses.

The company offers refrigerated and frozen storage, handling, transportation and other supply chain services. It also manages temperature-controlled facilities for third parties, combining warehouse space with operational support for customers’ distribution needs.

Americold serves customers through a network spanning multiple regions, including North America, Europe, South America and the Asia-Pacific.