Americold Realty Trust Inc. $COLD Stock: Sumitomo Mitsui Trust Group Inc. Lowers Holdings

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 8.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,956,031 shares of the company’s stock after selling 260,107 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Americold Realty Trust were worth $41,325,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in COLD. BlackRock Inc. bought a new stake in Americold Realty Trust during the 2nd quarter worth about $350,837,000. Ancora Advisors LLC bought a new position in Americold Realty Trust in the second quarter valued at approximately $163,962,000. Canada Pension Plan Investment Board bought a new position in shares of Americold Realty Trust during the second quarter worth about $126,564,000. Lasalle Investment Management Securities LLC lifted its position in Americold Realty Trust by 2.3% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 6,962,583 shares of the company’s stock worth $79,791,000 after buying an additional 157,627 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of 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 during the period. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 4.2%

COLD stock opened at $15.17 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a fifty day moving average price of $14.35 and a 200 day moving average price of $13.83. Americold Realty Trust Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $16.88. The firm has a market cap of $4.33 billion, a PE ratio of -9.54 and a beta of 0.93.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The business had revenue of $662.89 million during the quarter, compared to the consensus estimate of $613.54 million. During the same period in the previous year, the company posted $0.36 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts anticipate that Americold Realty Trust Inc. will post 1.22 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed 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 yield of 6.1%. Americold Realty Trust’s dividend payout ratio is currently -57.86%.

Analysts Set New Price Targets

COLD has been the subject of a number of research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $16.00 target price on shares of Americold Realty Trust in a report on Monday, August 17th. Evercore reiterated an “outperform” rating and issued a $19.00 price target on shares of Americold Realty Trust in a research report on Friday, August 7th. Bank of America upgraded shares of Americold Realty Trust from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $15.00 to $16.00 in a research report on Tuesday, August 18th. JPMorgan Chase & Co. raised shares of Americold Realty Trust from an “underweight” rating to a “neutral” rating and set a $16.00 price objective on the stock in a research report on Thursday, September 24th. Finally, DA Davidson set a $16.00 price target on Americold Realty Trust in a report on Tuesday, August 18th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.46.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. Through its operating platform, Americold Logistics, the company provides refrigerated and frozen storage, handling, transportation and supply-chain services for food producers, retailers, distributors and other customers.

Its facilities support the movement of perishable products, including meat, seafood, dairy, fruit, vegetables, prepared foods and pharmaceuticals.