Daiwa Securities Group Inc. Cuts Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Daiwa Securities Group Inc. cut its position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 9.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,119,764 shares of the company's stock after selling 534,525 shares during the period. Daiwa Securities Group Inc. owned approximately 1.80% of Americold Realty Trust worth $144,736,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in COLD. Principal Financial Group Inc. boosted its position in shares of Americold Realty Trust by 30.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company's stock valued at $390,783,000 after acquiring an additional 3,602,337 shares during the last quarter. Darlington Partners Capital Management LP lifted its position in Americold Realty Trust by 15.1% during the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company's stock valued at $230,321,000 after purchasing an additional 1,183,571 shares during the last quarter. PGGM Investments purchased a new position in shares of Americold Realty Trust in the 2nd quarter worth $114,436,000. Long Pond Capital LP increased its holdings in shares of Americold Realty Trust by 2.9% in the 2nd quarter. Long Pond Capital LP now owns 4,385,307 shares of the company's stock worth $112,001,000 after buying an additional 123,440 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Americold Realty Trust by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company's stock worth $110,255,000 after buying an additional 165,667 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on COLD shares. Royal Bank of Canada decreased their price objective on Americold Realty Trust from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. Truist Financial raised their price target on Americold Realty Trust from $31.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Evercore ISI boosted their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Wells Fargo & Company lifted their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. Finally, Scotiabank increased their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Americold Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $30.55.

Americold Realty Trust Stock Up 0.9 %

NYSE COLD traded up $0.21 on Friday, reaching $23.09. 1,779,918 shares of the stock traded hands, compared to its average volume of 2,512,504. Americold Realty Trust, Inc. has a 12 month low of $21.53 and a 12 month high of $30.92. The company has a market cap of $6.56 billion, a price-to-earnings ratio of -22.86, a PEG ratio of 1.80 and a beta of 0.61. The company has a fifty day moving average price of $26.01 and a 200-day moving average price of $26.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The business's revenue was up .9% compared to the same quarter last year. As a group, research analysts forecast that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.81%. Americold Realty Trust's dividend payout ratio is presently -87.13%.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.